Telefonica Brasil S.A.(VIV)

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Belpointe OZ's VIV Development Nears Completion, Leasing Anticipated to Begin Later this Year
GlobeNewswire News Room· 2025-05-27 20:01
St. Petersburg, FL, May 27, 2025 (GLOBE NEWSWIRE) -- Belpointe PREP, LLC (“Belpointe OZ,” “we,” “us,” “our” or the “Company”) (NYSE American: OZ), a publicly traded qualified opportunity fund, is pleased to announce that construction of its premier mixed-use development in St. Petersburg, Florida, VIV, is approximately 85% complete. With final construction activities underway, the project is currently anticipated to begin leasing later this year. Strategically located in the heart of St. Petersburg, Florida ...
Telefonica Brasil S.A.(VIV) - 2025 Q1 - Quarterly Report
2025-05-23 20:24
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May, 2025 Commission File Number: 001-14475 TELEFÔNICA BRASIL S.A. (Exact name of registrant as specified in its charter) TELEFONICA BRAZIL S.A. (Translation of registrant's name into English) Av. Eng° Luís Carlos Berrini, 1376 - 28º andar São Paulo, S.P. Federative Republic of Brazil (Address of princip ...
After Golden Cross, Telefonica Brasil (VIV)'s Technical Outlook is Bright
ZACKS· 2025-05-13 14:55
Telefonica Brasil S.A. (VIV) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, VIV's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and ...
1Q25 Results: Telefônica Brasil S.A.
Prnewswire· 2025-05-12 22:42
SÃO PAULO, May 12, 2025 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3; NYSE: VIV) announces its results for 1Q25.Strong operating performance led to robust EBITDA and net income growth. R$ million 1Q25 1Q24 % YoY Net Operating Revenue 14,390 13,546 6.2 Mobile Services 9,272 8,702 6.5 FTTH 1,899 1,717 10.6 Corporate Data, ICT and Digital Services 1,312 1,132 15.8 Handsets and Electronics 909 881 3.2 Other Revenues¹ 999 1,114 (10.3) Total Costs <td colspa ...
TELEFÔNICA BRASIL S.A. ANNOUNCES THE FILING OF ITS ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2024
Prnewswire· 2025-02-28 01:04
Core Points - Telefônica Brasil S.A. filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission on February 27, 2025 [1] - The 2024 Annual Report is accessible on both the SEC's website and the Company's website [1] - Shareholders can request a hard copy of the complete audited financial statements free of charge [1]
Telefonica Brasil S.A.(VIV) - 2024 Q4 - Annual Report
2025-02-27 22:28
Financial Performance - Net cash provided by operations was R$19.9 billion in 2024, compared to R$18.8 billion in 2023 and R$18.9 billion in 2022 [702]. - The company distributed dividends and interest on shareholders' equity of R$3.1 billion in 2024, down from R$3.4 billion in 2023 and R$5.1 billion in 2022 [701]. - Total long-term debt, including loans, financing, leases, and debentures, is R$12,728.5 million as of December 31, 2024 [693]. - Total contractual obligations as of December 31, 2024, amount to R$21,573.3 million, with R$6,480.0 million due in less than 1 year [690]. Capital Expenditures and Investments - Capital expenditures for the year ended December 31, 2024, totaled R$9.2 billion, primarily for network expansion [698]. - Investments in research and development for 2024 were R$25.8 million, a decrease from R$57.9 million in 2023 [713]. - The company expects to meet 2025 capital requirements primarily from cash generated from operations [702]. Brand and Market Position - The "Vivo" brand was valued at R$3 billion in 2024, ranking tenth among the most valuable brands in Brazil [716]. Strategic Focus and Innovation - The company is focusing on expanding its product offerings in health care, fintech, and connected home services [712]. - Vivo plans to invest in digital services and innovative value propositions across various sectors, including education, healthcare, and smart homes, to enhance customer relationships and increase revenue per user [720]. - In the B2B segment, digitization efforts are prioritized, driving demand for connectivity services and creating opportunities in Cloud, Cybersecurity, IoT, and Big Data, with Vivo launching the Open Gateway initiative [721]. - Customer experience differentiation will be enhanced through generative AI, with Vivo committed to providing engaging experiences via the Vivo App [722]. - Vivo aims to become a Net Zero company by 2035, five years ahead of schedule, aligning with the United Nations' Sustainable Development Goals and fostering innovation in a diverse environment [724]. - The company's strategic pillars focus on Growth, Profitability, and Sustainability, guided by Telefonica Group's key drivers to advance digitalization [725]. Market Trends - The demand for ultra-broadband connectivity is expected to increase, particularly driven by fiber in small cities, amidst a more mature fiber market leading to increased competitiveness and potential consolidation [718]. - Brazil's main operators have launched 5G in all state capitals and major cities, achieving 5G coverage for half of Brazil's population, with Vivo focusing on expanding its 5G coverage and ensuring 4G and 4.5G availability [719]. Accounting Estimates - Critical accounting estimates are reviewed annually, impacting the financial statements based on management's judgment and expectations of future events [726]. - Significant estimates and judgments in financial statement preparation include trade accounts receivable, income taxes, and intangible assets [727].
Telefonica Brasil S.A.(VIV) - 2024 Q4 - Annual Report
2025-02-27 22:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of February, 2025 Commission File Number: 001-14475 TELEFÔNICA BRASIL S.A. (Exact name of registrant as specified in its charter) TELEFONICA BRAZIL S.A. (Translation of registrant's name into English) Av. Eng° Luís Carlos Berrini, 1376 - 28º andar São Paulo, S.P. Federative Republic of Brazil (Address of pr ...
Telefonica Brasil S.A.(VIV) - 2024 Q4 - Earnings Call Transcript
2025-02-26 15:22
Financial Data and Key Metrics Changes - Total revenues increased by 7.7% in Q4 2024, with mobile revenues growing by 7% and fixed revenues growing by 8%, marking the best performance for the fixed segment [11][12] - EBITDA increased by 7.8% year-over-year, maintaining a high EBITDA margin of 42.5% [30][32] - Net income for 2024 reached BRL 5.5 billion, a growth of 10.3% compared to the previous year, resulting in earnings per share of BRL 3.38, up 11% [32][34] - Operating cash flow grew by 11% year-over-year, reaching BRL 13.7 billion, representing almost 25% of total revenues [12][31] Business Line Data and Key Metrics Changes - The mobile segment accounted for 65% of total revenues, with postpaid revenues growing by 9.1% in Q4, representing 84% of total mobile service revenues [13][15] - Fixed revenues grew by 8%, driven by a 12.4% increase in FTTH and a 21.1% expansion in data, ICT, and digital services [13][19] - B2B revenue growth was 8.5% year-over-year, with digital B2B solutions expanding over 20% [23] Market Data and Key Metrics Changes - The number of homes connected via fiber grew by 12.7% in Q4, totaling 7 million connections [10][17] - The mobile customer base grew by 3.3% year-over-year, reaching over 102 million accesses, with postpaid users increasing to over 66 million [15][20] Company Strategy and Development Direction - The company is focusing on enhancing its digital ecosystem, with new businesses representing over 10% of total revenues [14] - Vivo aims to maintain selective expansion of its fiber footprint while increasing penetration of connections over its network [19] - The company is transitioning from a fixed voice concession to an authorization model, which is expected to unlock significant operational efficiencies and cost savings [37][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future performance, highlighting strong customer retention and low churn rates [10][16] - The company is committed to maintaining a shareholder remuneration policy of at least 100% of net income for 2025 and 2026 [34][46] - Management noted that the migration from copper to fiber will significantly improve operational efficiency and profitability [39][100] Other Important Information - Vivo joined the Dow Jones Best-in-Class World Index, highlighting its commitment to sustainability [25] - The company achieved a record in its recycling program, collecting 37 tonnes, three times more than the previous year [25] Q&A Session Summary Question: Dividend perspective for 2025 - Management confirmed a commitment to a payout of at least 100% of net income for 2025 and 2026, with BRL 4.2 billion already committed for shareholder remuneration [46][48] Question: Mobile service revenue decrease - Management explained that while there was a strong growth of 7% in Q4, the comparison to a very strong Q3 may have skewed perceptions, and they remain optimistic about future growth [54][56] Question: Margin expectations amid rising inflation - Management indicated that despite cost pressures, they expect to maintain strong margins due to operational efficiencies and digitalization efforts [62][70] Question: Concession migration and asset sales - Management outlined a four-year plan for the concession migration, emphasizing the potential for significant operational savings and revenue growth from migrating customers to fiber [64][66] Question: B2B revenue growth sustainability - Management confirmed that the strong growth in B2B revenues is expected to continue, driven by a focus on digital services and cloud solutions [78][81] Question: Timeline for customer migration from copper - Management stated that they have a plan to accelerate the migration of customers from copper to fiber, with significant benefits expected within the first four years [85][87] Question: Impact of concession migration on free cash flow - Management indicated that benefits from the migration will be captured over the next four years, with a focus on maximizing free cash flow [133][134] Question: Use of cash beyond shareholder remuneration - Management confirmed that they are exploring acquisition opportunities while maintaining a low debt level [131][132]
4Q24 Results: Telefônica Brasil S.A.
Prnewswire· 2025-02-25 23:48
Core Viewpoint - Telefônica Brasil reported strong operating performance in Q4 2024, leading to significant growth in net income and free cash flow generation [2][3][4]. Financial Performance - Net Operating Revenue reached R$14,581 million in Q4 2024, a 7.7% increase from R$13,535 million in Q4 2023 [2]. - Net Income for 2024 was R$5,548 million, reflecting a 10.3% year-over-year growth [6]. - Earnings per Share (EPS) increased to R$3.38, up 11.3% from R$3.03 in 2023 [2]. Revenue Breakdown - Mobile Services revenue grew by 7.0% YoY to R$9,201 million, driven by a 9.1% increase in postpaid revenue [2][3]. - Fixed revenue increased by 8.0% YoY, with FTTH revenue rising by 12.4% and Corporate Data, ICT, and Digital Services by 21.1% [4]. - Total Subscribers reached 116,050 thousand, a 2.7% increase from the previous year [2]. Cost and Profitability - Total Costs amounted to R$8,383 million, a 7.7% increase YoY [2]. - EBITDA for Q4 2024 was R$6,199 million, with a margin of 42.5%, unchanged from Q4 2023 [2][4]. - Free Cash Flow surged by 82.4% YoY to R$1,080 million [2]. Capital Expenditure and Investments - CAPEX for 2024 totaled R$9,166 million, a 2.3% increase YoY, representing 16.4% of revenues [5]. - Investments focused on enhancing the 5G network, which now covers 61.3% of the Brazilian population [5]. Shareholder Remuneration - The company distributed R$5,845 million to shareholders in 2024, a 22.1% increase from R$4,786 million in 2023, achieving a payout ratio of 105.3% [6][7]. - Telefônica Brasil commits to distributing at least 100% of net income for the fiscal years 2025 and 2026 [7].
Telefonica Brasil: The Dividend Story Remains Compelling
Seeking Alpha· 2025-01-23 14:05
Core Insights - Telefônica Brasil, also known as Vivo, is recognized as a strong dividend payer, which is central to the company's investment thesis [1]. Company Overview - The company operates under the ticker symbol VIV on the NYSE and is considered a cash cow in terms of dividend payments [1]. Research Background - The analysis is conducted by a researcher and operations manager at DM Martins Research, with previous contributions to TheStreet and current writings for platforms like TipRanks and GuruFocus [1].