What guidance did Telefonica Brazil's management provide for the next earnings period?

What is the market's earnings forecast for Telefonica Brazil next quarter?

What is the revenue and EPS growth rate for Telefonica Brazil year over year?

What does Telefonica Brazil do and what are its main business segments?

What were the key takeaways from Telefonica Brazil’s earnings call?

What is Telefonica Brazil's latest dividend and current dividend yield?

What is Telefonica Brazil's gross profit margin?

Did Telefonica Brazil beat or miss consensus estimates last quarter?

- **Revenue Momentum**: 6.5% total revenue growth, 5.5% mobile service expansion, and 12.7% FTTH connections growth. Postpaid net adds hit 1 million, lowest churn at 0.98%.
- **Digital Leadership**: B2B digital revenue up 34.2% year-over-year, IoT deals (e.g., 4.4M smart meters) driving growth. Vivo Total ARPU at BRL 230/month.
- **Financial Strength**: EBITDA +9% to BRL 6.5B, operating cash flow +12.4% to BRL 11.2B. Asset sales target BRL 4.5B over 3 years.
- **Sustainability**: "Futuro Vivo Forest" preserves 800 hectares of rainforest. Ranked #1 in Brazil's sustainability index and recognized for shared value creation.
- **Shareholder Returns**: Distributed BRL 5.7B to shareholders in Q3, with plans to return 100% of net income in 2025-2026.

**【CEO Summary Section】**
- **Revenue Growth**: Total revenue increased by 6.5% year-over-year, driven by mobile and fixed services. Mobile service revenue grew 5.5%, while fixed services expanded 9.6%. Postpaid mobile access reached 68% of the customer base, with net adds surpassing 1 million in Q3.
- **Customer Retention**: Postpaid churn (excluding M2M and dongles) dropped to 0.98%, the lowest level on record. ARPU rose 3.9% year-over-year to BRL 31.5.
- **Fiber Expansion**: FTTH connections grew 12.7% year-over-year, with 7.6 million homes passed. The Vivo Total converged offer now accounts for 62% of fiber connections, driving higher ARPU and lower churn.
- **ESG Initiatives**: Launched the "Futuro Vivo Forest" project to preserve 800 hectares of Amazon rainforest, aligning with sustainability goals. Ranked first in Brazil's Corporate Sustainability Index (ISE B3) and recognized as a top company for shared value creation.

**【CFO Financial Commentary】**
- **Profitability**: EBITDA grew 9% year-over-year to BRL 6.5 billion, with a margin expansion to 43.4%. Operating cash flow reached BRL 11.2 billion (12.4% year-over-year growth), while free cash flow stood at BRL 6.9 billion.
- **Asset Sales**: Generated BRL 232 million from copper and real estate sales in Q3, with a target to achieve BRL 4.5 billion in asset sales over the next three years.
- **Cost Management**: Commercial and infrastructure costs rose 4.6% year-over-year, partially offset by digitalization efficiencies. CapEx-to-revenue ratio improved by 60 basis points to 15.7%.

**【Q&A Highlights】**
- **Mobile Competitiveness**: Prepaid revenue showed sequential growth, while postpaid net adds hit a record 1 million. ARPU growth and customer retention strategies offset price competition.
- **B2B Digital Expansion**: Digital services revenue grew 34.2% year-over-year, driven by IoT (e.g., 4.4 million smart meters with Sabesp) and cybersecurity solutions. Targeting 15% penetration of digital services in SMEs.
- **CapEx and Leasing**: Leasing costs are expected to decline as tower sharing improves (1.4 tenants per tower vs. 2+ in mature markets). FiBrasil acquisition (pending antitrust approval) will add 30 million homes passed with minimal CapEx impact.
- **ESG and Shareholder Returns**: Distributed BRL 5.7 billion to shareholders through interest on capital and buybacks, with plans to allocate at least 100% of net income to returns in 2025-2026.

VIV

VIV fundamentals

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