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TELEFONICA BRASIL SA
Symbol U : VIV
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4Q12 Results: Telefonica Brasil S.A.

2013-02-25 05:40 ET - News Release

SAO PAULO, Feb. 25, 2013 /PRNewswire/ -- Telefonica Brasil - (Bovespa: VIVT3 [ON = Common Shares] / VIVT4 [PN = Preferred Shares]; NYSE: VIV), announces its consolidated results for the fourth quarter of 2012 (4Q12) and FY12. The Company reaches a record profitability in 4Q12 with R$ 3.9 billion Ebitda, representing annual growth of 16.5% and Ebitda Margin of 43.3%.


   R$ million


4Q12

3Q12

4Q11

2012

2011








Net Revenue


8,910.3

8,463.3

8,600.1

33,931.4

33,171.5

Total Operating Costs


(5,056.3)

(5,552.1)

(5,292.4)

(21,226.0)

(21,136.8)

EBITDA


3,854.0

2,911.2

3,307.7

12,705.4

12,034.8

EBITDA Margin (%)


43.3%

34.4%

38.5%

37.4%

36.3%

Net Result


1,474.3

935.8

1,462.3

4,452.2

5,072.5








Number of accesses (thousand)


91,116

91,893

86,825

91,116

86,825

Mobile accesses


76,137

76,806

71,554

76,137

71,554

Fixed accesses


14,978

15,087

15,311

14,978

15,311











Total accesses reached 91.1 million in 4Q12 (+4.9% y-o-y), 76.1 million of which in the mobile business and 15.0 million in the fixed-line business;

Consolidated leadership in the higher revenue segments, recording 36.9% market share in the postpaid market. In the segment of data cards Vivo recorded 47.2% of the market share;

In this quarter, concerning postpaid gross adds, roughly 68% were smartphones activations versus 42% in the same period of 2011;

Mobile Services Revenue recorded annual growth of 10.7% in the quarter. Services Revenue maintained strong annual growth, recording a positive variation of 7.4% in the quarter and of 9.7% in the year;

Accelerated growth of mobile internet revenues which recorded 21.1% y-o-y in 4Q12 (16.4% in 3Q12 and 15.8% in 2Q12);

Fixed Service Revenues dropped by 7.6% y-o-y in the quarter, stabilizing the annual drop rate in relation to previous quarters;

Total Net Revenues records growth of 3.6% y-o-y in the quarter;

The EBITDA increased by 32.4% q-o-q and by 16.5% y-o-y, having reached R$ 12,705.4 million (+5.6% y-o-y);

EBITDA Margin of 43.3% in the quarter (+4.8 p.p. y-o-y). In 2012, the accumulated margin recorded 37.4%;

Net profit remained stable compared to 4Q11 and 57.5% higher in relation to 3Q12, recording R$ 1,474.3 million in the quarter and R$ 4,452.2 in the year;

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/ir

SOURCE Telefonica Brasil S.A.

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