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Oi S.A. (OIBR-C)

NYSE - Nasdaq Real-time price. Currency in USD
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1.3900-0.0100 (-0.71%)
As of 1:59PM EDT. Market open.
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Trade prices are not sourced from all markets
Previous close1.4000
Bid1.3700 x 2200
Ask1.3800 x 2200
Day's range1.3700 - 1.4600
52-week range0.3500 - 2.0900
Avg. volume3,289,498
Market cap1.766B
Beta (5Y monthly)1.73
PE ratio (TTM)0.04
EPS (TTM)31.4600
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend date30 Sep 2013
1y target estN/A
  • Brookfield, Canada Pension Plan Mull Bid for Brazil’s Oi Fiber Unit

    Brookfield, Canada Pension Plan Mull Bid for Brazil’s Oi Fiber Unit

    (Bloomberg) -- Brookfield Asset Management Inc. and the Canada Pension Plan Investment Board are mulling a bid for the fiber unit of Brazilian telecom firm Oi SA, according to two people familiar with the matter.The unit, called InfraCo, has also attracted interest from Highline do Brasil II Infraestrutura de Telecomunicacoes, Digital Colony’s local unit, the people said, asking not to be identified because the discussions aren’t public. Oi is planning to sell as much as 51% of the subsidiary’s shares and has scheduled an auction in the first half of next year, according to a company presentation. A private equity fund managed by a unit of Banco BTG Pactual SA has presented a non-binding bid for the asset as well, according to a July 28 regulatory filing.Oi, Brookfield, Digital Colony, CPPIB, and Highline declined to comment. BTG declined to comment beyond the statement.Oi, which is Brazil’s biggest landline carrier, has been carrying out a major restructuring since emerging from bankruptcy protection in 2018. The carrier, which posted losses of 6.28 billion reais ($1.19 billion) in the first quarter, proposed in June segregating assets into four units -- a plan that creditors still need to approve, in a meeting that could happen this month, Oi said. The telecom operator wants to sell most of the assets for a minimum of 22.8 billion reais. The InfraCo deal could fetch at least 13 billion reais if a 51% stake is sold, according to Oi’s press office.Digital Colony, an arm of Tom Barrack’s Colony Capital Inc., is also vying for Oi’s mobile-phone unit. The surprise proposal fueled a bidding war for the assets, which local units of Telefonica SA, Telecom Italia SpA and America Movil SAB are trying to scoop up with a joint offer. Highline do Brasil also made a binding offer worth 1.08 billion reais for Oi’s tower unit, according to a regulatory filing on July 18.CPPIB, Canada’s largest pension fund, has long invested heavily in hard assets such as office towers. Its Chief Executive Officer Mark Machin said in May that other real estate such as data centers and warehouses have been buoyed by the e-commerce trend in the pandemic and will probably continue to thrive.(Updates with context on Highline bid for other assets in sixth paragraph. In a previous version of this story, Oi corrected the amount expected for the unit in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Oi Stock Popped 16% Today
    Motley Fool

    Why Oi Stock Popped 16% Today

    Your guess is as good as anybody else's.

  • Why Brazilian Stock Oi S.A. Plunged More Than 25% Today
    Motley Fool

    Why Brazilian Stock Oi S.A. Plunged More Than 25% Today

    A change at the top could be coming soon.