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Oi SA (ADR) (NYSE:OIBR): A Consolidation Over Brazilian Telecom Market

Boston, MA 10/06/2014 (wallstreetpr) – Reuters on Friday reported that Brazil’s TIM Participações SA hired Banco Bradesco SA’s as an advisor for the bidding process for Oi SA (ADR) (NYSE:OIBR). Telecom Italia SpA will use TIM as an investment vehicle to purchase all or part of the Oi’s assets. Both TIM and Bradesco declined to comment […]

Oi SA (ADR) (NYSE:OIBR) Prepares To Divest Its Holding In Africatel Holdings B.V.

Boston, MA 09/18/2014 (wallstreetpr) – Fixed-line telephony services provider, Oi SA (ADR) (NYSE:OIBR) disclosed that its Board of Directors has been authorized to take steps to sell its holdings in Africatel Holdings B.V. representing 75% of the Africatel and or its assets capital stock. Sale Process Oi SA (ADR) (NYSE:OIBR) stated that it would lead the […]

America Movil SAB de CV (ADR)(NYSE:AMX) Weighs Bid Partnership With Oi SA (ADR)(NYSE:OIBR)

Boston, MA 09/10/2014 (wallstreetpr) – According to reports, the involvement of America Movil SAB de CV (ADR)(NYSE:AMX) in Telecom Italia SpA deal can prove to be beneficial for Oi SA (ADR)(NYSE:OIBR). Recently OIBR won a powerful argument over its potential run of Telecom Italia SpA’s unit that is located in Brazil. Management of OIBR says that […]

Oi SA (ADR) (NYSE:OIBR) Registered Diminishing Revenues As Merger With Portugal Telecom Nears

Boston, MA 06/05/2014 (wallstreetpr) – Oi SA (ADR) (NYSE:OIBR), the largest phone company of Brazil, on May 16, 2014 announced that it was witnessing a second back-to-back quarter of diminishing revenue, which in turn led to underscoring its plan for cutting costs through merger with SGPS SA, a Portugal Telecom company. Present Position of Oi […]

Oi SA (ADR) (NYSE:OIBR) Remains Stable In Deliver

Boston, MA 05/29/2014 (wallstreetpr) – Oi SA (ADR) (NYSE:OIBR) continued to make progress in its performance during first quarter 2014 through cost control measures, monetization of assets and synergies. The Revenue Generating Units (RGUs) remained stable at 74.6 million during 1Q2014 as a result of increasing focus on profitability and sales quality. The RGUs includes […]

Oi SA (ADR) (NYSE:OIBR) Losing Suitors

Boston, MA 04/02/2014 (wallstreetpr) – Citigroup Inc. (NYSE:C), ItauUnibanco Holding SA (ADR) (NYSE:ITUB) and BancoBradesco SA are proposing an exit from a consortium of 14 underwriters who are to underwrite 6 billion reais ($2.65 billion) in new shares as part of Oi SA (ADR) (NYSE:OIBR)’s capital enhancement plan The firms, including Goldman Sachs Group Inc (NYSE:GS), […]

Stocks on the Spotlight: Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA), Oi SA (ADR) (NYSE:OIBR), Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA)

Boston, MA 02/20/2014 (wallstreetpr) – Teva Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA) could soon be without the services of its billionaire chairman Philip Frost if reports appearing on the media are true. It is reported that the entrepreneur might leave the Israel-based TEVA before his current terms expires next year. However, some other reports say that Mr. […]

Alpha Natural Resources, Inc. (NYSE:ANR), Oi SA (ADR) (NYSE:OIBR) and Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)

Boston, MA 02/17/2014 (wallstreetpr) – Apparently, Alpha Natural Resources, Inc. (NYSE:ANR) guidance for FY2014, saw a downward revision to $250 million, following better than expected loss in earnings. Analysts were quick to follow suit with Cowen and Company revising downwards to $5 from its earlier $7 and rating the company at ‘perform.’ ANR, a supplier […]

Oi SA (ADR) (NYSE:OIBR) – Strong Resistance At $2.10 & $2.50

Boston, MA 10/17/2013 (wallstreetpr) – Oi SA (ADR) (NYSE:OIBR) (Closed: $2.03, Down: 1.93%) opened flat to negative on Wednesday and spent a very quiet session after the 7 day rally. No clear sign of heavy profit booking or selling was seen. It was a Shooting Star candle produced by the price action that points to some […]

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