Business
Oi: Revenue fell 14% as legacy services declined, but fiber and cost controls supported profitability
Oi: Revenue fell 14% as legacy services declined, but fiber and cost controls supported profitability
About this update from Oi S.a.
Q3 2024 saw a 14% revenue decline due to legacy service contraction, but fiber revenue remained stable and cost reductions improved profitability. Restructuring advanced with a 60% debt cut and new governance, while delays in regulatory migration and a non-cash asset sale impacted liquidity.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.