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Brazil's Oi posts bigger-than-expected loss on hedging

SAO PAULO, Aug 9 (Reuters) - Oi SA, the Brazilian phone carrier under bankruptcy protection, posted a bigger-than-expected second-quarter loss triggered by a scrapping of currency hedging positions.

In a Wednesday securities filing, Oi said it lost a net 3.303 billion reais ($) last quarter, a shortfall 16 times bigger than the 200 million-real loss in the prior three months. The result came in well above an average consensus estimate of 332.8 million reais compiled by Thomson Reuters.

(Reporting by Guillermo Parra-Bernal)