Telefonica Brazil posts 1.3% drop in Q4 net profit

17 Feb 2012

Telefonica Brazil has posted net profit of BRL1.46 billion (USD845 million) for the three months ended 31 December 2011, an increase of 9.8% quarter-on-quarter, but down 1.3% from the BRL1.48 billion reported in the year-ago quarter on higher operating costs. Revenues climbed 4.5% to BRL8.60 billion from BRL8.23 billion in Q4 2010. The group’s results include its fixed line operations as well as mobile business Vivo Participacoes. Earlier this year, Telefonica of Spain – which controls both companies – integrated the fixed and mobile divisions into a unified business, Telesp. In the last three months of 2011 the company said earnings before interest, tax, depreciation and amortisation (EBITDA) grew 6.4% year-on-year to BRL3.31 billion; the EBITDA margin was 38.5%, up from 37.7% in 4Q10. Telefonica Brazil reported a total mobile subscriber base of 71.55 million at 31 December 2011, an increase of 18.7% from 60.29 million at end-2010, while total fixed accesses climbed from 15.10 million to 15.31 million over the same period.

Brazil, Telefonica Brasil (Vivo)