3Q12 Results: Telefonica Brasil S.A.

SAO PAULO, Nov. 6, 2012 /PRNewswire/ -- Telefonica Brasil - (Bovespa: VIVT3 [ON = Common Shares] / VIVT4 [PN = Preferred Shares]; NYSE: VIV), announces its consolidated results for the third quarter 2012 (3Q12). With consistent focus on service quality and profitability, the Company recorded an EBITDA Margin of 34.4% in the quarter.


   R$ million


3Q12

2Q12

3Q11






Net Revenue


8,463.3

8,243.5

8,293.1

Total Operating Costs


(5,552.1)

(5,150.6)

(5,468.5)

EBITDA


2,911.2

3,092.9

2,824.5

EBITDA Margin (%)


34.4%

37.5%

34.1%

Net Result


935.8

1,085.5

1,332.3






Number of accesses (thousand)


91,892

90,858

82,372

Mobile accesses


76,806

75,720

67,038

Fixed accesses


15,087

15,138

15,333









Total accesses reached 91.9 million in 3Q12 (+11.6% y-o-y), 76.8 million of which in the mobile business (+14.6% y-o-y) and 15.1 million in the fixed-line business (-1.6% y-o-y);

In the mobile market, the market share totaled 29.7% in September 2012 (+0.2 p.p. y-o-y);

Undisputable leadership in the higher revenue segments, recording 36.9% market share in the postpaid market. In the segment of datacards Vivo recorded 48.1% of the market share;

Fixed broadband accesses moved up by 5.7% y-o-y to 3.8 million accesses;

Superior quality of the fixed services remaining among the best two companies in the industry in the IDA (Attendance Index measured by Anatel) and leadership in customer satisfaction;

Mobile Services Revenue maintained its high annual growth, recording a positive variation of 8.1% in 3Q12 (11% excluding the MTR effect), driven by the Data and VAS revenue;

Fixed Service Revenues dropped by 7.3% annually, a strong deceleration in comparison to the last quarter, which registered a decrease of 11.7%.

Operating costs increased less than the revenue growth, evidencing an efficient cost control;

The EBITDA reached R$2,911.2 million in the quarter (+3,1% y-o-y);

EBITDA Margin of 34.4% in the quarter (+0.3 p.p. y-o-y);

Cash flow after investment activities reached R$3,737.5 million. We grew 27% over the same period in the year to date of 2012.

Declaration of Interim Dividends in the amount of R$ 1,122.52 million.

TELEFONICA BRASIL – Investor Relations
Gilmar Roberto Camurra
Cristiane Barretto Sales
Carlos Raimar Schoeninger
Luis Carlos Plaster
Maria Tereza Ali Pelicano David

Chucri Zaidam, 860 – Morumbi – SP – 04583-110
Phone: +55 11 97420-1172
Email: ir.br@telefonica.com

To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/investidores

SOURCE Telefonica Brasil S.A.

Copyright 2012 PR Newswire

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