SAO PAULO, Oct. 25, 2017 /PRNewswire/ -- Telefonica Brasil -
(B3: VIVT3 [Common Shares] / VIVT4 [Preferred Shares]; NYSE: VIV),
announces its results for the 3Q17. With positive evolution
across all service revenue lines and cost savings for the seventh
consecutive quarter, Vivo reached 7.8% of EBITDA growth and 28.3%
of Net Income growth in 3Q17.
Consolidated in R$
million
|
3Q17
|
%
y-o-y
|
|
|
|
|
|
|
|
Net Operating
Revenues
|
10,885.9
|
1.8
|
|
|
Net Operating
Services Revenues
|
10,631.3
|
2.4
|
|
|
Net mobile services revenues
|
6,355.5
|
3.7
|
|
|
Net fixed
revenues
|
4,275.8
|
0.5
|
|
|
Net handset
revenues
|
254.6
|
(17.2)
|
|
|
Operating
costs
|
(7,209.0)
|
(1.0)
|
|
|
EBITDA
|
3,676.9
|
7.8
|
|
|
EBITDA Margin
%
|
33.8%
|
1.9 p.p.
|
|
|
Net Income
|
1,222.7
|
28.3
|
|
|
|
|
|
|
|
Number of accesses
(thousand)
|
97,639
|
0.5
|
|
|
Mobile
accesses
|
74,562
|
1.5
|
|
|
Fixed
accesses
|
23,077
|
(2.7)
|
|
|
|
|
|
Mobile Market share expansion, reaching 30.8% in
August 2017 (+1.5 p.p. y-o-y).
Mobile ARPU recorded y-o-y growth of 3.7% in 3Q17, fueled
by a higher share of postpaid clients in the mix and increased data
usage. Data ARPU grew 26.3% y-o-y in 3Q17, corresponding for 72.9%
of total ARPU.
Broadband accesses totaled 7.5 million customers in 3Q17
(+1.9% y-o-y), with FTTx[1] connections already accounting for
60.0% of the base after a y-o-y growth of 8.7%. Broadband ARPU
increased 16.5% in 3Q17 over 3Q16, influenced by the evolution of
the ultra-broadband customer base.
Net operating service revenue grew 2.4% in 3Q17 over 3Q16
(4.3% up y-o-y excluding regulatory effects), maintaining the
positive trajectory observed in the last quarters.
Mobile services revenue rose 3.7% y-o-y in 3Q17.
Excluding the effect from MTR reductions in 2017, this line
increased 6.1% over 3Q16. Data and digital services revenue
increased 28.2% y-o-y in 3Q17, accounting for 72.9% of mobile
services revenue.
Operating costs fell 1.0% in 3Q17 versus 3Q16 (LTM IPCA
+2.5%), demonstrating the continued efforts and focus on the
pursuit of efficiencies and end-to-end digitalization.
EBITDA totaled R$3.7
billion in 3Q17, 7.8% up on 3Q16, yielding an EBITDA
margin of 33.8% (+1.9 p.p. y-o-y), fueled by the acceleration
of mobile service revenues and efficiency measures adopted by the
Company.
CAPEX amounted to R$2.2
billion in 3Q17, focused on 4G coverage (442 new cities
added in the quarter, totaling 1,403 during the first nine months
of 2017) and FTTH expansion (12 new cities with FTTH in the
year).
EBITDA – Capex (ex. licenses) grew 16.0% in 3Q17 over
3Q16, reaching R$1.5 billion.
Net income totaled R$1,222.7
million in 3Q17 (+28.3% y-o-y), with IOC for the
fiscal year amounting to R$930.0
million in 2017.
TELEFONICA BRASIL – Investor Relations
Eduardo Navarro
David Melcon
Luis Plaster
Joao Pedro Carneiro
+55 11 3430-3687 / ir.br@telefonica.com
To download the complete version of the Company's earnings
release, please visit our website:
http://www.telefonica.com.br/ir
[1] FTTx includes FTTH (Fiber to the home), FTTC (Fiber to the
cabinet) and cable customers
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SOURCE Telefonica Brasil S.A.