Telefônica Brasil Q3 results beat estimates on asset sales boost By Investing.com

Vivo, Brazil's telecom giant, reported stronger-than-expected Q3 results, with net revenue up 6.5% and operating earnings (EBITDA) jumping 9%. The company's fixed line and digital businesses drove growth, with fiber-to-the-home internet and business digital solutions surging by 40%. Mobile service revenue grew by 5.5%, but the company's focus on postpaid customers helped stabilize the segment. Vivo also benefited from asset sales, expanding its profit margin by another percentage point. Shareholders received nearly 5.7 billion reais in payouts, with a significant increase expected in 2024.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.