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Oi Q3 revenues down 4.5% to BRL 8.8 billion
2014-11-13 16:22:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi reported net revenues of BRL 8.842 billion in the third quarter of 2014, down by 4.5 percent compared to a year earlier. Revenues from its operations in Brazil decreased 5.1 percent to BRL 6.738 billion, while revenues from the Portuguese operations dropped 4.5 percent to BRL 1.883 billion. EBITDA fell 1.3 percent BRL 3.003 billion, and the EBITDA margin was 34.0 percent, up 1 percent point from a year ago. Net debt totaled BRL 47.799 billion at the end of September, up 58.3 percent from a year ago. Capex dropped 14.0 percent to BRL 1.670 billion. In Brazil, Oi lost 232,000 fixed lines in the quarter for a total 11.128 million, down 8.0 percent year-on-year. Broadband customers totaled 5.241 million, an annual decrease of 1.8 percent. Oi ended Q3 with 1.032 million pay-TV customers, up 13.6 percent from a year ago and 16.4 percent more than in Q2. Oi finished the quarter with 61 percent of the homes with more than one Oi product, and residential ARPU reached BRL 73.40, up 3.8 percent from Q3 2013. Net revenues from mobile services totaled BRL 2.180 billion in the quarter, down 6.4 percent from a year earlier due mainly to the MTR cuts. Data revenues accounted for just over 30 percent of customer revenue and increased 27 percent year-on-year to BRL 500 million. Handset sales amounted to BRL 202 million, double the year-earlier figure, as smartphones grew to 76 percent of total sales. The total mobile customer base grew by 358,000 in Q3 and 3.5 percent year-on-year to 48.976 million. Mobile ARPU reached BRL 17.4, down 15.0 percent on an annual basis.
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Category:Telecommunications
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