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Read More »Oi reports wider loss as mobile customers flee for bigger rivals
Bloomberg Oi SA, Brazil’s most indebted phone company, said its first-quarter loss widened as customers jumped ship for bigger competitors in the wireless segment. Oi posted a net loss of 1.64 billion reais, according to a statement sent to Brazil’s securities regulator Thursday. That compares with a loss of 880.7 million reais projected by analysts, the average of three ...
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