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