Telesp reports 2Q08 results

28 Jul 2008

Brazilian fixed line telco Telecomunicacoes de Sao Paulo (Telesp) reports that net profit rose 5.7% in the second quarter of 2008 to BRL638 million (USD406 million), compared to the same period of 2007. Gross operating revenues for the three months ended 30 June 2008 climbed 5.6% to BRL5.62 billion, while EBITDA rose 3.8% to BRL1.64 billion. CAPEX was BRL532.9 million, up from BRL462 million in the second quarter of 2007. At the end of the period Telesp had 2.295 million broadband (DSL and MMDS) customers, a 6% increase on the previous quarter, in addition to 346,894 pay-TV customers and 11.89 million lines in service.

Brazil, Telefonica Brasil (Vivo)