Telecommunications company Oi from Brazil submitted its report on the fourth quarter (4Q) of 2015 which recorded 6.3% drop in its net residential Pay-TV subscribers’ base going from 1,247,000 in the same period of 2014 to 1,169,000. In addition, Oi expanded to the 14 Brazilian states from March 30th the coverage of its Oi Total quadruple play bundle.
However, despite the fall in revenues of almost all its services to the public, the company reported a Pay-TV annual revenue growth of 21.6% (in local currency). It also showed an increase in its Pay-TV average revenue per user (ARPU) of 18.8% Year-Over-Year and of 4.9% quarterly.
Disconnections fell throughout all quarters of the year to reach its lowest in the 4Q 2015. The customer churn was lower among households with bundled services than in those with independent services. Penetration grew to 11.7% during this period.
Oi announced in November 2015 through a press release that it had accepted the proposal of the Russian investment group Letter One to provide funding that would allow the merger with Brazilian internet and telephony operator TIM Participacoes (Telecom Italia).