SAO PAULO, Feb. 21, 2018 /PRNewswire/ --
|
Consolidated
in R$ million
|
4Q17
|
%
y-o-y
|
2017
|
%
y-o-y
|
|
|
|
|
|
|
Net Operating
Revenues
|
11,033.6
|
1.5
|
43,206.8
|
1.6
|
|
Net Operating
Service Revenues
|
10,736.2
|
1.3
|
42,136.4
|
2.0
|
|
Net Mobile Service Revenues
|
6,552,7
|
3.8
|
25,387.9
|
4.3
|
|
Net Fixed
Revenues
|
4,183.6
|
(2.3)
|
16,748.5
|
(1.3)
|
|
Net Handset
Revenues
|
297.3
|
7.4
|
1,070.5
|
(10.5)
|
|
Recurring Operating
Costs
|
7,088.0
|
(1.5)
|
(28,542.0)
|
(1.1)
|
|
Recurring
EBITDA
|
3,945.6
|
7.3
|
14,664.8
|
7.3
|
|
Recurring EBITDA
Margin %
|
35.8
|
2.0
p.p.
|
33.9%
|
1.8
p.p.
|
|
Net Income
|
1,517.0
|
24.9
|
4,608.8
|
12.8
|
|
|
|
|
|
|
Total Accesses
(thousand)
|
97,797
|
0.7
|
|
|
|
Mobile
accesses
|
74,940
|
1.6
|
|
|
|
Fixed
accesses
|
22,857
|
(2.1)
|
|
|
Mobile Market share expansion, reaching 31.7% in
December 2017 (+1.5 p.p. y-o-y).
Mobile ARPU recorded y-o-y growth of 2.2% in 4Q17, fueled
by a higher share of postpaid clients in the mix and increased data
usage. Data ARPU grew 23.1% y-o-y in 4Q17, corresponding to 75.0%
of total ARPU.
Broadband accesses totaled 7.5 million customers in 4Q17
(+1.9% y-o-y), with FTTx1 connections already accounting
for 61.1% of the base after a y-o-y growth of 9.5%. Broadband ARPU
increased 20.5% in 4Q17 over 4Q16, influenced by the evolution of
the ultra-broadband customer base.
Net Operating Service Revenues grew 1.3% in 4Q17 over
4Q16 (3.5% up y-o-y excluding regulatory effects). In 2017, Net
Operating Service Revenues climbed 2.0% y-o-y.
Mobile Service Revenues rose 3.8% y-o-y in 4Q17.
Excluding the effect from MTR reductions in 2017, this line would
have increased 6.7% over 4Q16. Data and Digital Service
Revenues increased 25.0% y-o-y in 4Q17, accounting for 75.0% of
Mobile Service Revenues.
Recurring Operating Costs fell 1.5% in 4Q17 versus 4Q16
(LTM IPCA +2.9%), demonstrating the continued efforts and focus on
the pursuit of efficiencies and end-to-end digitalization.
Recurring EBITDA totaled R$3.9
billion in 4Q17, 7.3% up on 4Q16, yielding an EBITDA
margin of 35.8% (+2.0 p.p. y-o-y), fueled by the acceleration
of Mobile Service Revenues and efficiency measures adopted by the
Company. In 2017, recurring EBITDA totaled R$14.7 billion (+7.3% y-o-y), accompanied by a
recurring EBITDA margin of 33.9%.
CAPEX amounted to R$2.7
billion in 4Q17. In 2017, the Company invested R$8.0 billion, mainly focused on the expansion of
network capacity and 4G coverage (totaling 2,600 municipalities in
2017; 84.5% of the population), introduction of FTTH technology in
new cities (16 new cities covered in the year), increase of FTTx
penetration and IT, supporting the Company's digitalization
process.
EBITDA – Capex (ex. licenses) grew 46.3% in 4Q17 over
4Q16, reaching R$1.3 billion. In
2017, it reached R$6.7 billion
(+17.8% y-o-y).
Net income totaled R$1.5
billion in 4Q17 (+24.9 y-o-y). In 2017, net income reached
R$4.6 billion (+12.8% y-o-y) while
Interest on Equity and Dividends came to R$4.6 billion (+12.8% y-o-y) in the period,
resulting in a Payout of 100% over Adjusted Net Income.
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.