Telesp sees 3Q profit dip

8 Nov 2007

Brazilian telco Telesp has reported profit for the three months to 30 September 2007 was BRL525.7 million (USD303.9 million), down 35.2% from BRL818 million in the same period in 2006. Overall revenue for Telesp, a subsidiary of Spanish giant Telefonica, totalled BRL3.62 billion in the third quarter, slightly down year-on-year from BRL3.65 billion, as declining fixed line revenues from calls and interconnections was more or less offset by increased earnings in the data sector. EBITDA in 3Q 2007 was BRL1.54 billion, down 21% year-on-year.

Brazil, Telefonica Brasil (Vivo)