3Q13 Results: Telefonica Brasil S.A. PR Newswire SAO PAULO, Nov. 7, 2013 SAO PAULO, Nov. 7, 2013 /PRNewswire/ -- Telefonica Brasil - (Bovespa: VIVT3 [ON = Common Shares] / VIVT4 [PN = Preferred Shares]; NYSE: VIV), announces its consolidated results for the third quarter of 2013 (3Q13). The Company recorded a solid operating performance in all fixed business and accelerated its growth in the postpaid and mobile data segments. R$ million 3Q13 2Q13 3Q12 Net Revenue 8,618.2 8,491.5 8,460.6 Total Operating Costs -6,236.9 -5,916.0 -5,548.6 EBITDA 2,381.3 2,575.5 2,912.0 EBITDA Margin (%) 27.6% 30.3% 34.4% Recurrent EBITDA 2,381.3 2,495.9 2,871.6 Recurrent EBITDA Margin % 27.6% 29.4% 33.9% Net Result 760.2 914.2 935.8 Number of accesses (thousand) 91,712 91,141 91,892 Mobile accesses 76,614 76,200 76,806 Fixed accesses 15,098 14,941 15,087 Total accesses reached 91.7 million in the quarter (+0.6% q-o-q). Fixed voice increased +60 thousand accesses in 3Q13 over 2Q13, while fixed broadband services records 46 thousand net additions in 3Q13, specially on FTTH. TV accesses increased in +9.4% q-o-q, with net additions of 51 thousand accesses, leveraged by the additions in DTH and IPTV. On the mobile business, we increased growth in postpaid accesses, (+23.3% y-o-y in 3Q13) and 1,453 thousand net additions in the quarter, a historic record. Mobile data accesses recorded growth of 88.1% y-o-y. Mobile Data ARPU registered growth of 24.0% y-o-y, +0.6 p.p. over the growth recorded in the previous quarter. Total Net Revenue recorded growth of 1.9% y-o-y. Total Services Revenue increased 1.5% y-o-y or 3.1% y-o-y by excluding the regulatory effect of the reduction in the MTR and VC. Mobile Services Revenue recorded an annual variation of 7.1% or 9.1% y-o-y by excluding the effect of the MTR reduction in April/13. Data and SVA Revenues already accounts for 32.4% of the Mobile Services Revenue, leveraged by the growth of mobile internet revenues. Year-to-date Recurrent EBITDA recorded R$ 7.7 billion with EBITDA Margin of 30.1% (-3.5 p.p. y-o-y) in the period. Investments of R$ 1.9 billion in the quarter, of which R$ 451 million referring to license upgrade, equivalent to 16.4% of the Net Revenue, focusing on quality, 4G coverage and fiber. TELEFONICA BRASIL – Investor Relations Paulo Cesar Teixeira Alberto Horcajo Aguirre Cristiane Barretto Sales Luis Carlos Plaster Maria Tereza Pelicano David Av. Luis Carlos Berrini, 1376 - 28º Andar – Cidade Moncoes – SP – 04571-936 Phone: +55-11-3430-3687 / Email: email@example.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
3Q13 Results: Telefonica Brasil S.A.