Oi SA (ADR) (NYSE:OIBR) Moves Up Smartly

Posted by Chris Bell October 14, 2013 0 Comment 1256 views

In Friday’s trading, Oi SA (ADR) (NYSE:OIBR) rose by 4.47%. The opening price of the shares was $1.81, which climbed to an intraday high of $1.87 which was also the closing price for the day. Approximately 2.11 million shares were traded on Friday while an average volume of 4.10 million shares were traded over a 30 day period. The 52-week low of Oi SA (ADR) (NYSE:OIBR) shares is $1.42 and its 52-week high is $4.51. The company has a market capitalization of $3.07 billion.

About the company

Oi SA (ADR) (NYSE:OIBR) was previously Brasil Telecom S.A. It was incorporated on 27 November 1963 and is a tele-communication service-provider in Brazil’s Region II. It offers a variety of integrated-telecommunication services. These include fixed-line and mobile-telecom services, data-transmission services, Internet service provider services as well as various other services, for residential-customers, small, medium & large companies and also for governmental agencies. Oi SA (ADR) (NYSE:OIBR) provides services such as fixed-Line Telecommunications Services & Data Transmission Services, Mobile-Telecommunications Services as well as other services.

Local Fixed-Line Services

As of 31 December 2010, Oi SA (ADR) (NYSE:OIBR) had around 7.2M local fixed-line customers in the Region II. Its Local fixed line services include installing, monthly-subscription, metered-services, collect-calls as well as supplemental local services. The Metered services include local-calls that originate as well as terminate within one local area. The company has divided Region-II into 1,772 different local areas. Its Local fixed line services include in-dialing services. This is direct-transmission of external calls to different extensions, for its corporate clients. For the corporate clients who need lines, it offers digital-trunk services. These optimize as well as raise the speed of customers’ telephone system.

Long-Distance Services

The long distance service includes fixed line to fixed line as well as mobile long-distance services. The company provides domestic long distance services for the calls that originate from the Region II via interconnection-agreements, primarily with Telemar in Region-I and Telecomunicavoes de Sao Paulo in Region-III.

About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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