Brazilian telecoms group Oi SA, the company formed through the restructuring of Telemar Participacoes’ former operating divisions Brasil Telecom, Tele Norte Leste Participacoes, Coari Participacoes and Telemar Norte Leste, says net income tripled to BRL346 million (USD174 million) for the first three months of this year, up from BRL93 million in Q1 2011.
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OVETEL Oi reports tripling in Q1 profits as business plan gains traction
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