August 14, 2018 / 1:47 AM / 3 months ago

Brazil's Oi reports lower net loss

SAO PAULO, Aug 13 (Reuters) - Oi SA, Brazil’s largest fixed line telecom company, posted on Monday a lower net loss in the second quarter helped by lower expenses.

In a securities filing, the company posted second quarter net loss of 1.258 billion reais ($323.93 million), 70 percent lower from the same period a year ago. ($1 = 3.8836 reais) (Reporting by Carolina Mandl)

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