date:Feb 20, 2014
ntry's phone companies.
We remain cautious on Oi, wrote J.P.Morgan Securities analysts led by Andre Baggio in a note Wednesday. By selling off business units, Oi has sacrificed about 650 million reais of operating profit next year, the analysts said.
Shares of Oi were little changed on Sao Paulo's stock exchange, edging up 0.2 percent to 4.31 reais.
DODGING ANOTHER LOSS
The sale of Oi's fiber optic unit GlobeNet to a fund led by investment banking firm Grupo BTG Pactual SA, under a deal stru