Huawei Technologies Co., Ltd. is joining forces with China Mobile Limited (SEHK:941) to potentially enter a dispute to buy struggling Oi S.A. (BOVESPA:OIBR4), in an attempt to boost its footprint in Latin America's largest market, O Globo news website reported on Saturday. According to the media outlet, both Chinese companies anticipate a significant growth in business once Brazil starts deploying its fifth-generation wireless technology (5G) and Oi's 360,000 kilometers (224,000 miles) of fiber infrastructure is seen as an attractive asset. Oi declined to comment on the matter, while Huawei and China Mobile did not immediately respond to Reuters' requests for comment.
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5-day change | 1st Jan Change | ||
1.87 BRL | -2.09% | +0.54% | +14.72% |
Mar. 28 | Transcript : Oi S.A., Q4 2023 Earnings Call, Mar 28, 2024 | |
Mar. 28 | Oi S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023 | CI |
Quarterly revenue - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
+14.72% | 83.96M | |
+6.48% | 193B | |
+7.40% | 169B | |
-2.71% | 111B | |
-2.55% | 92.35B | |
+18.72% | 74.49B | |
-4.00% | 55.4B | |
-2.85% | 52.16B | |
-10.59% | 43B | |
-31.77% | 37.53B |
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