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Telefonica Brasil SA ADR - Stock Quote VIV

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Morningstar's Telefonica Brasil SA ADR Stock Analysis

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Telefonica Brazil Is One of the Best-Positioned Brazilian Telecom Carriers

Business Strategy and Outlook

| Michael Hodel, CFA |

We believe Telefonica Brasil (Vivo) is one of the strongest telecom carriers in Brazil, vying with America Movil to offer converged wireless and fixed-line services across much of the country. But the market faces several challenges, including stiff competition, a fragmented fixed-line industry, and general economic weakness that has also hurt the value of the Brazilian real in recent years. The plan to carve up Oi’s wireless assets appears to be nearing completion, promising to significantly improve the industry’s structure, cutting the number of wireless players to three. While results will likely remain volatile, we expect Vivo will prosper as Brazilians continue to adopt wireless and fixed-line data services.

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Key Statistics - VIV

Telefonica Brasil SA ADR's Company Profile

Business Description

Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with nearly 85 million customers, equal to about 33% market share. The firm is strongest in the postpaid business, where it has 50 million customers, about 37% share of this market. It is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 6 million households on this network. Following its parent Telefonica’s footsteps, Vivo is cross-selling fixed-line and wireless services as a converged offering. The firm also sells pay-tv services to its fixed-line customers.

Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor
Sao Paulo, SP, 04571-936, Brazil
T +55 1134303687
Industry Telecom Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 33,985