SAO PAULO, May 8, 2014
/PRNewswire/ -- Telefonica Brasil - (Bovespa: VIVT3 [ON =
Common Shares] / VIVT4 [PN = Preferred Shares]; NYSE: VIV),
announces its consolidated results for the first quarter of 2014.
Telefonica Brasil reached margin of 29.8% with strict cost control
despite the higher commercial activity in the period.
|
R$
million
|
1Q14
|
4Q13
|
1Q13
|
|
Net
Revenue
|
8,611.9
|
9,056.7
|
8,555.5
|
|
Total Operating
Costs
|
(6,049.1)
|
(6,185.5)
|
(5,807.9)
|
|
EBITDA
|
2,562.8
|
2,871.2
|
2,747.6
|
|
EBITDA Margin
(%)
|
0.3
|
0.3
|
0.3
|
|
Net Result
|
660.8
|
1,231.3
|
810.2
|
|
Number of accesses
(thousand)
|
93,856
|
92,547
|
90,855
|
|
Mobile
accesses
|
78,465
|
77,245
|
75,988
|
|
Fixed
accesses
|
15,391
|
15,302
|
14,868
|
Total accesses reached 93.9 million in the quarter (+1.4%
q-o-q). Consistent leadership in higher revenue mobile segments,
with acceleration in postpaid accesses growth, +27.6% y-o-y
in 1Q14 over +26.0% y-o-y in 4Q13.
Increasing improvement in the customer mix, 31.7% of the
accesses base in the postpaid segment, +6.1 p.p. over 1Q13.
Mobile ARPU recorded annual growth of 0.7% in 1Q14,
despite MTR reductions, leveraged by the growth in Data ARPU,
+17.5% in the same period.
Fixed voice accesses recorded quarterly growth of 78
thousand accesses in 1Q14, leveraged by net additions with FWT
technology. FTTH accesses totaled 236 thousand in 1Q14, with
acceleration of net additions in the period. TV accesses
grew 83 thousand accesses totaling 645 thousand subscribers,
influenced by DTH and IPTV additions.
Fixed service revenue posted best evolution in almost 2
years with variation of -2.3% y-o-y. Excluding the regulatory
effects, this figure came to -0.1% in 1Q14 over 1Q13. Mobile
service revenue recorded variation of +3.3% y-o-y. Excluding
the regulatory effects, this figure came to +6.5% in 1Q14 over
1Q13.
Data and VAS revenue already account for 34.7% of the
Mobile Service Revenue, leveraged by the growth of the mobile
internet revenue, which increased by 34.9% y-o-y in 1Q14.
First-quarter EBITDA totaled R$2.6
billion, with an EBITDA margin of 29.8% in the
period.
IOC and Dividends paid in 2014 already totaled
R$1.8 billion.
TELEFONICA BRASIL – Investor
Relations
Paulo Cesar
Teixeira
Alberto Horcajo Aguirre
Luis Carlos Plaster
Maria Tereza Pelicano David
Av. Luis Carlos
Berrini, 1376 – 28th floor – Cidade Moncoes – SP –
04571-936
Phone: +55 11 3430-3687 / 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/ir
SOURCE Telefonica Brasil S.A.
