Oi(US:OIBRQ)2020-03-26 10:46Financial Highlights - Oi secured R$43 billion for the Unitel deal, R$31 billion in PIS/COFINS tax credits, R$669 million in pension fund surplus distribution, R$25 billion in bridge loan, and R$120 million in real estate sales[6] - The company's cash flow in September 2019 was R$3192 million, which increased to R$2300 million by December 2019[37] - Oi's routine OPEX decreased by 56% year-over-year, from R$4030 million in 4Q18 to R$3806 million in 4Q19[39] - Total net revenue decreased by 86% year-over-year, from R$5317 million in 4Q18 to R$4862 million in 4Q19[54] Operational Performance - FTTH homes passed reached 3588 thousand in 3Q19 and 4603 thousand in 4Q19[7] - FTTH homes connected reached 408 thousand in 3Q19 and 675 thousand in 4Q19[7] - FTTH revenue increased significantly, reaching R$124 million in 4Q19, a 7037% increase year-over-year[12] - Postpaid customer base grew by 231% year-over-year, from 7741 thousand in 4Q18 to 9527 thousand in 4Q19[14] - B2B revenues increased by 173% year-over-year, with total B2B revenues reaching R$1087 million in 4Q19[18] Strategic Initiatives - The company is implementing a "De-averaging strategy" to mitigate the negative NPV impact of the unsustainable concession operation, targeting R$500 million in short/medium-term and R$1 billion in medium/long-term cost savings[27,32] - Oi is focusing on unregulated wholesale market, with unregulated revenues accounting for 62% of the total revenues mix[6]