Oi, one of Brazil’s leading mobile operator posts Q3′08 net profits of BRL 246.5 million, fall of 61.2% y-o-y basis due to negative currency effects.
Revenues rose by 9.3% to BRL 6.93 billion, while EBITDA fell 3.6% to BRL 1.62 billion. Oi added 1.701 million revenue-generating units in Q3, for a total 37.8 million at the end of September.
Capex was down 33% from 2007 to BRL 1.19 billion, even after it had spend on the launch of number portability and mobile operations in Sao Paolo. The mobile subscriber base rose by 7.7% since Q2 to 21.867 million, of which 84% were prepaid subscribers. Mobile ARPU declined 2.7% from June-end to BRL 21.4.

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