Press release from PR Newswire
2Q11 Results: Telecomunicacoes de Sao Paulo S.A. - Telesp
Wednesday, July 27, 2011
2Q11 Results: Telecomunicacoes de Sao Paulo S.A. - Telesp06:45 EDT Wednesday, July 27, 2011SAO PAULO, July 27, 2011 /PRNewswire/ -- Telesp - (Bovespa: TLPP3 [ON = Common Shares] / TLPP4 [PN = Preferred Shares]; NYSE: VIV), announces its consolidated results for the second quarter 2011 (2Q11). With an excellent balance between growth and profitability in its fixed and mobile operations in Brazil, and an ongoing focus on quality, Telefonica records net income of R$ 1.1 billion in the second quarter. R$ million2Q111Q112Q10Net Revenue8,231.37,975.87,712.8Total Operating Costs(5,168.6)(5,135.9)(4,906.1)EBITDA3,062.72,839.92,806.7EBITDA Margin (%)37.2%35.6%36.4%Net Result1,149.41,128.5884.4Number of accesses (thousand)79,33177,12470,679Mobile accesses64,04962,06155,977Fixed accesses15,28215,06214,702Total accesses reached 79.3 million (+12.2% yoy), 64.0 million of which in the mobile segment (+14.4% yoy) and 15.3 million in the fixed-line segment (+3.9% yoy);Net additions in the mobile post-paid segment came to 46.3%;Net additions in fixed broadband totaled 93 thousand, 53% up in the quarter;Total Mobile ARPU increased in the annual comparison, reversing the historical decline - Outgoing ARPU moved up for the third consecutive quarter, also in the annual comparison;Net revenues totaled R$8,231.3 million in the quarter, 6.7% up yoy. Accelerated net service revenue growth in both mobile (+15.1% yoy) and fixed-line (+8.1% yoy), excluding intercompanies eliminations;Mobile Data and VAS revenues accounted for 23.5% of mobile service revenues. EBITDA increased by 9.1% over 2Q10, while the EBITDA Margin reached 37.2%. The adjusted EBITDA Margin recorded yoy growth of 1.9 percentage points;Net income stood at R$1,149.4 million in the 2Q11, 30.0% up yoy.TELESP ? Investor RelationsGilmar Roberto CamurraCristiane Barretto SalesCarlos Raimar SchoeningerLuis Carlos PlasterMaria Tereza Ali Pelicano DavidChucri Zaidam, 860 ? Morumbi ? SP ? 04583-110Phone: +55 11 7420-1172Email: email@example.com and firstname.lastname@example.org To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/investidoresSOURCE Telecomunicacoes de Sao Paulo S.A.