Press release from PR Newswire
3Q11 Results: Telefonica Brasil S.A.
Thursday, November 10, 2011
3Q11 Results: Telefonica Brasil S.A.04:45 EST Thursday, November 10, 2011SAO PAULO, Nov. 10, 2011 /PRNewswire/ -- Telefonica Brasil - (Bovespa: VIVT3 [ON = Common Shares] / VIVT4 [PN = Preferred Shares]; NYSE: VIV), announces its consolidated results for the third quarter 2011 (3Q11). With an advanced process of operations integration and increase growth in mobile operations, TELEFONICA BRASIL records R$ 3.6 billion in profits in 9M11. R$ million3Q112Q113Q10Net Revenue8,261.88,231.37,908.2Total Operating Costs(5,437.3)(5,168.6)(5,061.0)EBITDA2,824.53,062.72,847.2EBITDA Margin (%)34.2%37.2%36.0%Net Result1,332.21,149.41,249.3Number of accesses (thousand)82,37279,33172,619Mobile accesses67,03864,04957,714Fixed accesses15,33415,28214,905Total accesses reached 82.4 million in the quarter (+13.4% y-o-y), 67.0 million of which in the mobile segment (+16.2% y-o-y) and 15.3 million in the fixed-line segment (+2.9% y-o-y); Growth of 50.4% q-o-q and 72.1% y-o-y in net additions in the mobile segment, which totaled 3.0 million net additions in the quarter, a new Company record;Increased leadership in the postpaid and mobile data segments, with respective market shares of 36.8% (+1.5 p.p. y-o-y) and 43.0% (+5.0 p.p. y-o-y); Acceleration in total mobile ARPU, reaching 3.6% in the annual comparison and 4.4% in the quarter;Mobile broadband accesses grew by 44.8% y-o-y, with a 49.2% market share of net additions, while fixed broadband accesses moved up by 13.2% y-o-y to 3.6 million accesses;Net service revenues totaled R$ 8,036.4 million in 3Q11, 5.6% up y-o-y; Accelerated net revenue growth from mobile services (+19.3% y-o-y) and maintenance of net revenue growth from fixed-line services (+6.0% y-o-y), excluding intercompany eliminations;Mobile Data and VAS revenues has accelerated its annual growth, reaching 43.2% in 3Q11;Third-quarter EBITDA decreased by -0.8% y-o-y mainly due to the Company's bet in the long term growth through a strong commercial activity during the quarter; The EBITDA Margin stood at 35.7% year-to-date (+0.2 p.p. y-o-y), and 34.2% in the quarter;Net income came to R$ 3,610.1 million in the first nine months of 2011, 28.5% up y-o-y.TELEFONICA BRASIL ? Investor RelationsGilmar Roberto CamurraCristiane Barretto SalesCarlos Raimar SchoeningerLuis Carlos PlasterMaria Tereza Ali Pelicano DavidChucri Zaidam, 860 ? Morumbi ? SP ? 04583-110Phone: +55 11 7420-1172Email: 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 Telefonica Brasil S.A.