Telesp posts strong fourth quarter results

19 Feb 2009

Telesp has reported that net income for the fourth quarter of 2008 came in at BRL719.1 million (USD310 million), up 12.1% year-on-year. Revenue for the period reached BRL4.1 billion, up 10.2% on the back of broadband and internet sales growth being supplemented by increased returns on long-distance and interconnection tariffs. A fall in the number of fixed line subscriptions was offset by a 23.6% annual rise in broadband customers, standing at 2.6 million at the end of the year.

Brazil, Telefonica Brasil (Vivo)