Key Developments: Oi SA (OIBR4.SA)

OIBR4.SA on Sao Paolo Stock Exchange

5.65BRL
30 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Oi SA appoints Flavio Nicolay Guimaraes as CFO and changes management structure
Wednesday, 22 Apr 2015 08:09am EDT 

Oi SA:Says it decided to create office of corporate finance, responsible for the finance, investor relations, M&A and controllership departments.It also decided to create office of financial administration, responsible for the supply, accounting, financial services, property, logistics, and international operations departments.Says Flavio Nicolay Guimaraes was elected to the position of chief financial officer and investor relations officer, assuming responsibility for the office of corporate finance.  Full Article

Oi SA updates on agreement with Telemar and PT
Wednesday, 1 Apr 2015 08:02am EDT 

Oi SA:Says that, on March 31, Telemar Board approved the new decisions in the agreement between the company, PT SGPS SA (PT Portugal) and Telemar Participacoes SA (Telemar).Shareholders of Telemar that hold shares of Oi, have committed to convert their preferred shares in Oi to common shares pursuant to the approved exchange ratio of 0.9211 common shares for each preferred share issued by Oi, until Oct. 31.Oi reports that, following the approval by its general shareholders' meeting held on March 26, 2015, the exchange contracted for on Sept. 8, 2014 by Oi, Telemar, PT SGPS, Portugal Telecom International Finance BV and PT Portugal was consummated.Agreement under which PT SGPS transferred 47,434,872 Oi common shares and 94,869,744 Oi preferred shares to PT Finance and Oi, through PT Finance, in turn, transferred to PT SGPS securities issued by Rio Forte Investments, SA in the aggregate principal amount of 897 million euros.As a result of the exchange, PT SGPS's direct interest in Oi declined from 104,580,393 common shares and 172,025,273 preferred shares, representing 32.82 pct of the total share capital of Oi, to 57,145,521 common shares and 77,155,529 preferred shares, 19.17 pct of Oi's share capital.  Full Article

Oi SA issues EBITDA guidance for FY 2015
Friday, 27 Mar 2015 08:06am EDT 

Oi SA:Expects FY 2015 recurrent EBITDAin between 1.2 billion and 1.8 billion Brazilian reais above Thomson Reuters I/B/E/S estimates of 8.6 billion reais.  Full Article

Oi SA cancels its 2013-2016 shareholder compensation policy
Friday, 30 Jan 2015 05:40am EST 

Oi SA:Says that on Jan. 29, it approved the cancellation of the Shareholder Compensation Policy for the fiscal years 2013-2016, that was previously disclosed in the Material Fact dated of Aug. 13, 2013.  Full Article

Portugal Telecom SGPS SA approves the sale of assets from Oi SA to Altice SA
Thursday, 22 Jan 2015 03:34pm EST 

Portugal Telecom SGPS SA:Says that at the session of resumption of the General Meeting suspended on January 12, 2015, have approved the sale of the whole share capital of PT portugal SGPS SA, by Oi SA. to Altice SA, under the proposal of Oi SA.  Full Article

Oi SA announces Bayard De Paoli Gontijo as CEO
Thursday, 22 Jan 2015 05:31am EST 

Oi SA:Says that its Board of Directors confirmed the effectiveness of Bayard De Paoli Gontijo's appointment as Chief Executive Officer of the company.  Full Article

Portugal Telecom SGPS SA to vote Altice's offer over assets of OI SA on Jan. 22
Monday, 12 Jan 2015 02:53pm EST 

Portugal Telecom SGPS SA:In a series of releases provided during the day, PT announced that the session of the General Meeting supposed to decide the sale of PT assets from OI SA to Altice was suspended until Jan. 22, 2015.Pt's Board of Directors announced earlier that, it has provided to the shareholders all information required under the Portuguese Companies Code but the shareholders may deem appropriate to suspend the meeting, during the time they consider adequate.PT's share trading is suspended by the regulator, since Jan. 9, with the suspension to be lifted on Jan. 13.  Full Article

Oi SA issues FY 2015 EBITDA guidance for Brazilian operations
Monday, 5 Jan 2015 05:42am EST 

Oi SA:Announced its 2015 full year guidance and expect to report an recurrent EBITDA from operations in Brazil of 7.0 billion to 7.4 billion Brazilian reais.Sales of assets in Portugal and Hungary are excluded from the guidance, due the lack of conditions to predict their values.  Full Article

Oi SA approves sale of shares of PT Portugal to Altice SA for 7.4 billion euros
Monday, 8 Dec 2014 05:46pm EST 

Portugal Telecom SGPS SA:Says that the Board of Directors of Oi SA approved the sale of all of the shares of PT Portugal SPGS SA to Altice Portugal SA, wholly-owned subsidiary of Altice SA.Deal value of 7.4 billion euros.The investments in Africatel GmbH & Co. KG and Timor Telecom SA and the investments held by PT Portugal in Rio Forte Investments S.A are excluded from the deal and all or part of PT Portugal’s indebtedness.The effectiveness of the purchase and sale contract will depend on the approval by the shareholders of Portugal Telecom SGPS, SA, which will be called in due course.  Full Article

Oi SA's subsidiaries conclude sale of telecommunications towers
Tuesday, 2 Dec 2014 05:57am EST 

Oi SA:Says the sale of 100 percent stake in a company controlled by Oi SA's subsidiaries Telemar Norte Leste SA and BRT Servicos de Internet SA to SBA Torres Brasil Limitada was concluded.Sold company owns 1,641 mobile telecommunications towers.Transaction price 1,172,493,238 Brazilian reais.Transaction disclosed on June, 25.  Full Article

EU clears Altice to buy Oi's Portugal operations with conditions

BRUSSELS - EU regulators has cleared telecom group Altice's planned 7.4 billion euro ($7.9 billion) purchase of the Portuguese assets of Brazil's Grupo Oi subject to the condition that Altice sells its current Portuguese businesses.

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