Welcome to our dedicated page for Telefonica Brasil, S.A. American Depositary Shares (Each representing One Common Share) news (Ticker: VIV), a resource for investors and traders seeking the latest updates and insights on Telefonica Brasil, S.A. American Depositary Shares (Each representing One Common Share) stock.
Telefonica Brasil, S.A., operating under the brand name Vivo, stands as Brazil's largest wireless carrier. As part of the global Telefonica Group, Vivo manages a commanding 40% market share with 99 million customers, predominantly in the postpaid segment where it holds a 42% market share. The company generates the majority of its revenue (approximately 70%) from wireless services and equipment.
Beyond mobile services, Vivo is the incumbent fixed-line operator in São Paulo and has an extensive fiber network across Brazil, courtesy of its acquisition of GVT. This network provides internet access to 6.6 million households, also offering pay-TV and phone services. Additionally, corporate data and IT services, including cloud computing, contribute 8% to its revenue.
Vivo is committed to maintaining its lead in technological advancements, developing new solutions in areas like e-health, video, M2M, mobile advertising, and mobile payments. The company's continuous innovation helps improve the lives of its customers while driving growth and operational efficiency.
In recent financial results, Vivo demonstrated robust growth with a 7.6% year-over-year increase in net revenue, driven by a 10.4% rise in Mobile Service Revenue. The company's EBITDA rose by 11.1%, highlighting strong mobile service performance and cost management. The firm's fiber network has expanded, now reaching 24.7 million homes.
Shareholder returns also reflect Vivo's strong performance, with significant dividends, interest on capital, and share buybacks declared up to mid-2023. The company's net income saw a 47.2% growth, showcasing its strong financial health and commitment to maximizing shareholder value.
With a focus on digital transformation, Telefonica Brasil is carving a path for future growth, emphasizing areas like Digital B2B, Financial Services, and Video + Music OTTs. This diversified approach is designed to enhance revenue streams and reinforce its market leadership.
Telefônica Brasil (NYSE: VIV) reported solid financial results for 3Q22, with Net Operating Revenues reaching R$12,199 million, up 10.6% year-over-year. Mobile Service Revenue grew 13.8%, alongside a significant 25.9% rise in Handset Revenue. Despite disconnecting 3 million inactive mobile accesses, Postpaid and Prepaid Revenues saw growth of 12.0% and 21.5%, respectively. Recurring EBITDA increased by 12.3% to R$4,957 million, with a margin of 40.6%. The company also initiated a share buyback program amounting to R$144 million and reported a 9.2% dividend yield.
Telefônica Brasil (VIV) reported strong financial results for 2Q22, with net operating revenues increasing by 11.1% year-over-year to R$11.831 billion, driven by mobile service revenue growth of 15.1%. The company added 4.671 million postpaid accesses through the Oi Mobile acquisition and achieved total subscribers of 113.706 million. Recurring EBITDA rose 8.3% to R$4.578 billion with a margin of 38.7%. Despite a 44.6% decline in net income to R$746 million, free cash flow post-leases improved by 15.5% to R$2.157 billion. The company also issued R$3.5 billion in sustainability-linked bonds.
Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported a historic net revenue growth of 4.6% YoY in 1Q22, reaching R$ 11,352 million, marking its highest growth in seven years. The company achieved a total of 100 million accesses, with 91.9% being core subscribers. Mobile service revenue rose by 5.7%, bolstered by 1.3 million new postpaid customers. However, total costs increased by 7.0%, outpacing inflation at 11.3%. EBITDA was R$ 4,511 million, with a margin of 39.7%. The acquisition of Oi’s mobile assets could yield R$ 5.4 billion in synergies.
Telefônica Brasil (NYSE: VIV) reported a net income of R$6.2 billion for 4Q21, marking a significant 30.6% increase from 2020. The company achieved net operating revenues of R$11.5 billion, a 2.8% rise year-on-year. Mobile revenues grew by 3.7%, with postpaid customers reaching 49.6 million. Total costs rose 4% but remained below inflation. The recurring EBITDA was R$4.933 billion, yielding a margin of 42.9%. Free cash flow stood at R$7.4 billion, and dividends of R$6.3 billion were distributed, translating to a 7.7% yield.
Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported strong financial results for 3Q21, with net operating revenues reaching R$11,033 million, a 2.2% increase year-on-year. Mobile service revenue experienced its best annual growth in six years, up 5.7%, leading to a net profit surge of 8.5% to R$1,315 million.
Recurring EBITDA also grew by 2.1% to R$4,414 million, maintaining a steady margin of 40.0%. The company declared R$1.9 billion in interest on capital, realizing a dividend yield of 7.4%, while free cash flow amounted to R$2,634 million.
Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported a strong performance in 2Q21, with net income increasing by 20.9% year-over-year to R$1,345 million. The company experienced revenue growth driven by mobile and fiber accesses, with net operating revenues reaching R$10,649 million (+3.2% y-o-y). Core revenue rose to R$9,453 million (+8.2% y-o-y), while fiber revenues surged 49.7%. Despite total costs rising by 3.4%, recurring EBITDA climbed 3.0% to R$4,226 million. The company maintained a dividend yield of 7.7%, showcasing efficient financial management.
Telefônica Brasil (B3: VIVT3; NYSE: VIV) reported a positive 1Q21, with net revenues increasing by 0.2% year-on-year to R$10,849 million, driven by growth in fiber and core businesses. Key metrics include a 4.7% increase in core revenue to R$9,563 million and a significant 17.2% rise in fixed core revenue. EBITDA rose to R$4,455 million (+0.5% y-o-y) with a margin of 41.1%. Free cash flow improved by 3.7% to R$2,199 million. Shareholder remuneration declared reached R$700 million, yielding a 7.9% dividend. The company continues to expand its digital service offerings.
Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) has received approval from the TSX Venture Exchange to extend the expiry date of certain outstanding warrants. Initially set to expire on March 31, 2021, these warrants allow for the purchase of 2,774,991 common shares at $0.90 each, with the new expiry date set for June 1, 2021. All other terms remain unchanged. This approval follows the Corporation's earlier announcement on March 5, 2021, regarding its intention to extend these warrants.
Avivagen Inc. (TSXV:VIV) has approved the issuance of 577,500 stock options to its officers, directors, consultants, and employees. These options will vest over an eight-quarter period and are exercisable within five years at a strike price of $0.56. This issuance forms part of the total remuneration package for these individuals. Additionally, the grants are subject to approval from the TSX Venture Exchange. Avivagen focuses on products for livestock, companion animals, and human health, leveraging its OxC-beta™ technology to promote immune function and improve health economically.
Avivagen Inc. (TSXV:VIV, OTCQB:VIVXF) has announced it will seek approval from the TSX Venture Exchange to extend the expiration date of warrants for 2,774,992 common shares at $0.90 per share, originally set to expire on March 31, 2021, to June 1, 2021. This extension is subject to approval by the exchange and will not alter any other terms of the warrants. Avivagen focuses on developing products that enhance immune function in livestock, companion animals, and humans, utilizing its OxC-beta™ technology as a non-antibiotic alternative in livestock feeds.
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