- Telefonica Brasil (NYSE:VIV) reported Q4 profits that rose 2% Y/Y though revenues of 9.05B reais were about 4% below expectations, as recurring operating costs fell 0.4% Y/Y.
- Net income of R$1.26B for Q4 came in higher than expected. For the full year, net income of R$4.937B grew 33% from 2013's R$3.716B.
- Recurrent EBITDA of R$2.96B was better than expected, and showed the third straight quarter of year-on-year growth.
- In Q4 operations, total accesses reached 95.4M (up 3%): Mobile accesses, 79.9M (up 3.5%); fixed accesses, 15.4M (up 0.9%).
- Mobile ARPU grew 4.5%.
- 6-K