Breaking News

Tweet TWEET

4Q12 Results: Telefonica Brasil S.A.

                     4Q12 Results: Telefonica Brasil S.A.

PR Newswire

SAO PAULO, Feb. 25, 2013

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.

Website: http://www.telefonica.com.br/ir