4Q12 Results: Telefonica Brasil S.A.

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%.

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: [email protected]

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.