Telefonica Brasil Meets Estimates With Focus on High End
- Carrier adds 33,000 wireless subscribers even as prepaid drops
- Broadband internet customers rise, video users decline
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Telefonica Brasil SA, the nation’s largest wireless carrier, reported second-quarter profit and revenue in line with analysts’ estimates, continuing its focus on higher-income customers and data sales.
Recurring earnings before interest, tax, depreciation and amortization rose 7 percent to 3.3 billion reais ($1.01 billion), the Sao Paulo-based company said Tuesday in a statement. Revenue climbed 0.8 percent to 10.5 billion reais.