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After a number of delays, Oi, Brazil’s fourth-largest telecom, disclosed its Q1 2022 outcomes on Wednesday. The corporate, which filed for court-supervised restoration in June 2016, posted web earnings of BRL 1.78 billion (USD 335,580). The figures are a world away from the BRL 3 billion web losses within the earlier quarter.
Oi additionally recorded BRL 4.4 billion in revenues – almost the identical outcome as final 12 months, reaching “digital stability,” because the market likes to name it.
The upturn seems to be a direct impact of Oi’s new enterprise focus, in addition to the sale of its cell operations to the nation’s…
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