Brazil's Oi to sell assets to repay debt, bolster profit
date:Feb 20, 2014
investments, paying dividends and servicing hefty debt costs has bolstered the case for an injection of fresh capital as part of Oi's planned merger with key shareholder Portugal Telecom.

Revenue dropped 2.4 in the October-December quarter compared with a year earlier, with mobile services slipping 3.0 percent and residential revenue rising only 0.7 percent.

Earnings before interest, taxes, depreciation and amortization, a gauge of operating profit known as EBITDA, surged 39 percent from the y
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