Key Developments: Oi SA (OIBR4.SA)
4.55BRL
24 May 2013
R$ -0.07 (-1.52%)
R$ 4.62
R$ 4.65
R$ 4.65
R$ 4.46
5,466,000
8,795,225
R$ 10.38
R$ 4.21
Latest Key Developments (Source: Significant Developments)
Oi SA to Deliberate on FY 2012 Dividend Payment Proposal
Oi SA announced that on Ordinary General Meeting to be held on March 21, 2013 it will deliberate on the proposal of the Directors’ Board to pay dividends for fiscal year 2012 in the net amount of 837,439,831.94 plus retained earnings in the amount of BRL 103,563.49, corresponding to BRL 0.51 per ordinary or preferred share. The payment date is March 28, 2013 and the record date is March 21, 2013. Shares will be traded ex-dividends as of March 22, 2013. Full Article
Oi SA Announces Payment to Shareholders
Oi SA announced that it will submit to the general meeting a proposal of payment to shareholders in the amount of BRL 1.00 billion in addition to value already distributed in August 2012. Full Article
Oi SA Appoints Chief Executive Officer; to Appoint Chairman of Board of Directors
Telemar Participacoes SA announced that on January 22, 2012 it approved the election of Mr. Jose Mauro Mettrau Carneiro da Cunha to hold a post of Chief Executive Officer of Oi SA in replacement of Mr. Francisco Tosta Valim Filho. Simultaneously, Mr. Jose Mauro Mettrau Carneiro da Cunha resigned from his position as Chairman of the Board of Directors of Oi SA and indicated his alternate, Mr. Jose Augusto da Gama Figueira, to be a new Chairman of the Board of Directors of Oi SA. Full Article
Oi SA Updates on Sale of Property
Oi SA announced that it completed on December 12, 2012 the sale of three buildings at the price of BRL 299,705,000.00 in the framework for monetization of the Company's properties. Full Article
Oi SA Announces Dividend Payment
Oi SA, former Brasil Telecom SA, announced that, on Ordinary General Meeting held on August 10, 2012, it approved dividend payment at the total value of BRL 507,715,614.95, corresponding to BRL 0.309577473963 per ordinary and preferred share. The payment will be done as from August 27, 2012 to the shareholders on record as of August 17, 2012. Shares will be traded as ex-dividend as of August 20, 2012. Full Article
Oi SA Announces Payment of Interim Dividend Payment
Oi SA announced the payment of interim dividend totaling BRL 507,715,614.95 corresponding to BRL 0.309577473963 per share to be done as from August 27, 2012. Record date is August 17, 2012. Shares will be traded ex-dividends as form August 20, 2012. Full Article
Telefonica Brasil SA, America Movil SAB de CV, Telecom Italia SpA and Oi SA Win 4G Mobile Licenses in Brazil-Reuters
Reuters reported that Telefonica Brasil SA’s Vivo, America Movil SAB de CV’s Claro, Telecom Italia SpA’s TIM and Oi SA’s Oi have secured new licenses from the Brazil National Telecommunications Agency (Anatel) to launch fourth generation (4G) services in some of Brazil's major cities in time for the Confederations Cup Soccer Tournament that will be held in 2014. The licenses comprise four sub blocks within a 2.5 gigahertz range, as well as the provision of mobile telephony services in the rural areas within the frequency of 450 megahertz. Vivo won one of the licenses with a bid of BRL 1,050 million; Claro paid BRL 844 million; TIM bought one of the four nationwide licenses on offer at a value BRL 340 million, and Oi offered BRL 330.85 million. The licenses awarded by Anatel reach a total value of BRL 2,560 million. Full Article
Oi SA Announces FY 2011 Dividend Payment
Oi SA, former Brasil Telecom SA, announced that, on Ordinary General Meeting held on April 30, 2012, it will start dividend payment for fiscal year 2011 at the total value of BRL 2,000,000,000, corresponding to BRL 1.22 per ordinary and preferred share. The payment will be done as from May 8, 2012 to the shareholders on record as of April 30, 2012. Shares will be traded as ex-dividend as of May 2, 2012. Full Article
Oi SA Announces Dividend Policy for Period between 2012 and 2015
Oi SA, former Brasil Telecom SA, announced its dividend policy for the period of 2012 to 2015 (in regards to the results for the years ended December 31, 2011 to 2014). The approved Compensation Policy consists of the payment of a total amount of BRL 8.00 billion observing the following schedule: BRL 2.00 billion to be declared at the Ordinary General Shareholders’ Meeting that decides on the financial statements for the year ended December 31, 2011; BRL 1.00 billion in August 2012, BRL 1.00 billion in August 2013 and BRL 1.00 billion in August 2014; and BRL 1.00 billion at each of the Ordinary General Shareholders’ Meetings that decide on the financial statements for the years ended December 31, 2012, 2013 and 2014, in addition to the dividends paid in August of each year. This Policy will be subject to market conditions, the financial stability of the Company and the applicable legal and regulatory environments. It may be implemented through the distribution of dividends, the payment of interest on equity, bonuses, redemption, the reduction of capital or, furthermore, under other forms that enable the distribution of funds to shareholders, each year observing the maximum threshold corresponding to three times Net Debt (including compensation to be paid in the same year) / EBITDA (earned in the year prior tothe payment of compensation). Full Article
Portugal Telecom SGPS SA Announces Stake in Oi SA after Corporate Reorganization
Portugal Telecom SGPS SA (PT) announced that Oi SA’s (Oi) corporate simplification was successfully concluded having integrated the corporate structure constituted by Tele Norte Leste Participacoes SA (TNE), Telemar Norte Leste SA (TMAR) and Brasil Telecom SA (BRT) in BRT, which was renamed Oi SA (Oi). The new company has only two share classes (common shares, ON, and preferred shares, PN). The new shares will be traded on the Brazilian Stock Exchange (Bovespa) and on the New York Stock Exchange (NYSE), through the ADR program, as of April 9, 2012. PT’s total economic position in Oi, direct and indirect, is 23.26%. PT holds a direct stake in Oi of 15.55%. The total consideration spent by Oi in connection with the withdrawal rights at TNE, share class TNLP3, and at TMAR, share classes TMAR3, TMAR5 and TMAR6, amounted to BRL 2.0 billion. Full Article
Brazil's Oi sees $500 mln in cash from selling tower rights
SAO PAULO, April 30 - Brazilian telecom Oi SA expects to get about 1 billion reais ($500 million) in cash in coming months from the sale of rights to the use of its towers, Chief Financial Officer Alex Zornig told analysts on a Tuesday conference call.
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