Brazilian antitrust body, CADE, yesterday approved the Oi sale process. For (UK) football fans, it was briefly reminiscent of Liverpool’s heroic CL comeback in Istanbul in 2005 – Oi and the industry were 3-0 down in votes, and the stocks wobbled, before rallying to a 3-3 vote with the deciding vote in favour going to the CADE President.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
June 15th should be a pretty key date for Oi and the Brazilian telco landscape. It's the rescheduled release for Oi's Q1 results and set to coincide with the filing of its Plan amendment docs for the General Creditor Meeting (GCM).
Coronavirus has come to LatAm slightly later than Asia, Europe or the US. Although usage has picked up, it’s early days and the story is mixed across the continent: some moves akin to Europe (+40% fixed data) but less significant shifts in Brazil for example (despite 2+ weeks of lockdown).
We had an update call with the CFO of Oi, Camille Faria, on Friday. The main aim was to get a better understanding of the timetable on potential M&A (with TIM/Telefonica, others) as well as an update to the General Creditor meeting (GCM).
Oi (Buy) put out a press release this morning which seems somewhat esoteric - and mired in Brazil bankruptcy detail - but explains why Oi applied earlier in the year to extend the RJ and, to us, points toward progress as regards a sale of its wireless business
Oi (Buy) put out a press release this morning which seems somewhat esoteric - and mired in Brazil bankruptcy detail - but explains why Oi applied earlier in the year to extend the RJ and, to us, points toward progress as regards a sale of its wireless business
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