Oi Looks To Strong Growth in 2008

August 2008 | Company News Alert

Brazilian operator Oi is hoping to boost subscriptions to its broadband and mobile operations as it faces a continued decline in fixed-line services. The company is targeting 21mn mobile subscribers by the end of 2008, a 31.3% year-on-year increase, while it hopes to increase broadband subscriptions by 500,000 to reach 2mn. The company acquired regional operator Amazônia Celular in April 2008, increasing its subscriber base by 1.47mn. Oi's projections do not include its merger with Brasil Telecom, which is awaiting regulatory approval and a change in the telecoms law.

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