Telesp reports 16.5% rise in net income, in line with expectations

22 Feb 2006

Telesp, the fixed line operator for the state of São Paulo which trades under the Telefónica Brazil banner, has reported a 16.5% rise in net income to BRL2.54 billion (USD1.18 billion) for the twelve months to 31 December 2005, broadly in line with market expectations. The telco posted net revenues of BRL14.4 billion, up 8.2% year-on-year, while EBITDA climbed 8.5% to BRL6.55 billion for an EBITDA margin of 45.5%.

Brazil, Telefonica Brasil (Vivo)