Telefonica Brasil, S.A (VIV) - NYSE
  • Tue, Jul. 26, 7:12 PM
    • Telefonica Brasil (NYSE:VIV) posted Q2 results where profits declined 23% but revenues came in ahead of expectations
    • Revenues of 10.51B reais rose 0.9%, but profits fell to 699.5M reais (about $214M), short of analyst expectations for 924M reais.
    • Total accesses fell 9.1% to 97.1M: 73.3M mobile (-11.3%), and 23.8M fixed line (-1.5%).
    • Postpaid subs grew 6.9% with a market share of 42.3% (up 0.7 percentage points from last year). Mobile ARPU rose 15.9%.
    • EBITDA of 3.2B reais was up 3.7% with an EBITDA margin of 30.5%.
    • Press Release
    | Tue, Jul. 26, 7:12 PM
  • Tue, Jul. 26, 6:05 PM
    • Telefonica Brasil (NYSE:VIV): Q2 net income of R$699.5M
    • Revenue of R$10.51B (+0.9% Y/Y)
    • Press Release
    | Tue, Jul. 26, 6:05 PM
  • Mon, Jul. 25, 7:33 PM
    • In a Brazil threatened by an environment of business scandals, Telefonica Brasil (VIV -2.3%) is probing its own marketing division to see whether contracting practices led to excessive price discrepancies, Valor Econômico reports.
    • The company spends 1.3B reais (about $395M) annually on marketing and advertising and has already begun a restructuring of the unit's leadership, the paper says. Former chief Cristina Duclos has been dismissed and the company is looking for a new marketing executive.
    • The probe examined contracts with some of Brazil's biggest ad agencies, including DPZ&T, Young & Rubicam (NASDAQ:WPPGY) and Africa (NYSE:OMC), and ended up retaining them.
    | Mon, Jul. 25, 7:33 PM
  • Wed, Jul. 6, 5:44 PM
    • Digital revenues are going to outpace overall sales, Telefonica Brasil (VIV -1.9%) says, as it shifts its mix toward video streaming and cloud storage and away from legacy voice connections.
    • Such digital sales already made up 1.9B reais (about $569.2M) last year, some 5% of net revenue, after growing 15% Y/Y. Meanwhile, voice revenue is on pace to shrink from about half now to a quarter of sales within five years, says the digital division's VP Ricardo Sanfelice.
    • Overall revenues grow at about 5%, and Sanfelice says he sees no reason digital won't continue to grow at its same pace.
    • The company last week announced a specific division to build digital services, including cloud storage and streaming service.
    | Wed, Jul. 6, 5:44 PM | 1 Comment
  • Fri, May 13, 7:48 PM
    • Recently under new leadership, Telecom Italia (TI -0.3%) says it's tripling its target for cost cuts, to save €1.6B (about $1.8B) by 2018.
    • That will be evenly divided between operating cuts and capital expenditures, the company said in a late Friday earnings filing.
    • EBITDA fell 16% to €1.71B, short of consensus for €1.81B, and revenues fell 12% to €4.4B, short of expectations for €4.48B in sales.
    • CEO Flavio Cattaneo -- who took over in March for Marco Patuano, who clashed with the growing ownership of top shareholder Vivendi (OTCPK:VIVHY -1.5%) -- is pushing to increase profitability at the Italian incumbent carrier, as well as resolve the company's challenges in Brazil.
    • TIM Participaçoes (TSU -4.7%), its unit in Brazil, saw revenues decline nearly 16% this quarter amid the country's deep recession and hot competition against Telefonica Brasil (VIV -2.5%). Stefano De Angelis is taking over as TIM's CEO from Rodrigo Abreu.
    • Patuano was reportedly inclined to want to hold on to the TIM unit, while Vivendi has actively pushed for a sale.
    • After hours: TI +0.3%; TSU -0.2%.
    • Now read Is The Deal With Vivendi A Positive Sign For Mediaset? »
    | Fri, May 13, 7:48 PM
  • Thu, Apr. 28, 12:40 AM
    • Telefonica Brasil (NYSE:VIV): Q1 Net income of R$1.22B
    • Revenue of R$10.43B (+0.6% Y/Y).
    • Press Release
    | Thu, Apr. 28, 12:40 AM
  • Wed, Apr. 27, 7:44 PM
    • Telefonica Brasil (VIV +1.2%) posted Q1 profits that nearly tripled as the company cut operating costs by 9%, and sold off towers.
    • Net operating revenues rose just 0.6%, to 10.431B reais ($2.96B), but net income rose 179% to 1.218B reais ($345.6M).
    • EBITDA of 3.79B reais ($1.075B) was up 23.8%.
    • Customer accesses fell to 97.22M (down 8.1%), with mobile accesses down 10.5% to 73.27M and fixed accesses up 0.3% to 23.95M. Of fixed, broadband access hit 7.2M while fiber connections hit 54.2% of its base.
    • Pay TV access were 1.8M (up 4.9%) with strength in premium accesses.
    • Press release
    | Wed, Apr. 27, 7:44 PM
  • Thu, Apr. 21, 10:57 AM
    • Vivendi (OTCPK:VIVHY -2%) is actively pushing Telecom Italia (TI -0.1%) toward a sale of its Brazilian unit, TIM Participaçoes (TSU +1.8%), sources tell CTFN.
    • The French media giant's stance on TIM was a clear catalyst for the March departure of Marco Patuano as TI's chief executive, as Patuano was inclined to hold on to the business.
    • A series of machinations over the past year took place around the possible merger of TIM with debt-laden carrier Oi (OIBR -3.5%) before the prospects of a deal imploded.
    • An M&A lawyer said that when Vivendi inherited its Telecom Italia stake in 2014 (via its sale of broadband company GVT to Telefonica), it was already expressing an interest in getting out of Brazil and taking charge of TI as a media platform.
    • Rivals Telefonica Brasil (VIV -0.2%) and Claro (AMX +1.5%) aren't likely candidates to take over TIM due to regulatory issues. Oi is surely a candidate again, but more desperate for a move than TIM. Brazil might go for a bid from someone like Vodafone (VOD -0.8%), though.
    • Now read Oi's Debt Restructuring: A 4-Player Chess Game »
    | Thu, Apr. 21, 10:57 AM | 4 Comments
  • Fri, Apr. 15, 5:36 PM
    • Top gainers, as of 5.25 p.m.: VIV +11.8%. GOV +2.7%. CARA +1.9%. XNPT +1.6%.
    • Top losers, as of 5.25p.m.: MGA -11.1%. WTI -3.2%. FOXF -1.8%. HMY -1.8%
    | Fri, Apr. 15, 5:36 PM
  • Wed, Feb. 24, 10:39 PM
    • Telefonica Brasil (NYSE:VIV): Q4 net income of R$1.12B
    • Revenue of R$10.76B (+3.4% Y/Y).
    • Press Release
    | Wed, Feb. 24, 10:39 PM | 1 Comment
  • Nov. 12, 2015, 4:39 PM
    • Telecom Italia (TI -1.3%) says it's open to all options for its Brazilian mobile unit TIM Participações (TSU -3.1%), CEO Marco Patuano says -- including a merger with the country's leader Oi (OIBR -2.9%), if Oi can clean up its debt and if regulations get looser.
    • TI has made no decisions about whether it would want control in a tie-up with Oi, he says. Oi recently entered into seven months' exclusive talks with Mikhail Fridman's Letter One investment company over merging Oi with a competitor.
    • Talk of Brazilian telecom consolidation has boiled at a high pitch for months, more so in recent weeks as Fridman floated a $4B incentive to get a deal to happen. An Oi-TIM combination would get a boost against Telefonica Brasil (VIV -2.5%) and America Movil (AMX +0.3%). Key CEOs are in near-unison about the country changing its rules governing fixed-line concessions, though.
    • Earlier in Barcelona, Oi's Bayard Gontijo said he expected a government proposal to change rules in about 10 weeks.
    • Patuano is calling for Oi to work out its deb and financial structure: "So I think 2016 will be the magic year for Oi to find a solution whatever that is."
    • America Movil's Carlos Garcia Moreno is skeptical, though: "For anyone who wants to take over Oi, it is basically like tying yourself to a cannonball and jumping into the water."
    • Previously: Oi ADRs down 5% as Brazilian telecom swings to Q3 loss (Nov. 12 2015)
    | Nov. 12, 2015, 4:39 PM | 6 Comments
  • Nov. 11, 2015, 7:25 PM
    | Nov. 11, 2015, 7:25 PM | 1 Comment
  • Nov. 4, 2015, 8:14 PM
    • Telefonica Brasil (NYSE:VIV) posted Q3 profits that missed estimates amid sales that dragged a bit, and provisions for bad debt that were up heavily.
    • Net income fell 16% Y/Y to 886.2M reais (about $233M). Recurrent EBITDA was 3.2B reais
    • Of revenues that grew 5.2%, net mobile revenues were 6.29B reais (up 6.2%); net fixed-line revenues were 4.3B reais (up 3.9%).
    • In operational results, number of accesses came to 103.3M (up 0.1%): 79.4M mobile accesses (down 0.5%); 23.9M fixed-line accesses (up 2.4%).
    • At its last after hours trade, VIV was up 1.1%.
    | Nov. 4, 2015, 8:14 PM
  • Nov. 4, 2015, 6:57 PM
    • Telefonica Brasil (NYSE:VIV): Q3 net income of R$886.2M
    • Revenue of R$10.58B (+5.2% Y/Y)
    | Nov. 4, 2015, 6:57 PM
  • Oct. 30, 2015, 9:52 AM
    | Oct. 30, 2015, 9:52 AM | 3 Comments
  • Oct. 28, 2015, 10:47 AM
    | Oct. 28, 2015, 10:47 AM
Company Description
Telefonica Brasil SA engages in the provision of telecommunication services. It renders fixed wire telephone services in the state of São Paulo and mobile telephone services nationwide. Its services include local voice services which include activation, monthly subscription, measured service and... More
Sector: Technology
Industry: Wireless Communications
Country: Brazil