Brazil’s Vivo Raised Mobile Plan Rates; Third-Quarter Profits Over R$1 Billion

Vivo increased prepaid rates by up to 25 percent; the operator is expanding fiber optics network to broadband internet services.

RIO DE JANEIRO, BRAZIL - Telefônica Brasil, owner of Vivo, disclosed its financial results for the third quarter of 2019 on Monday, November 4th: the operator celebrates the highest revenue growth in the past three years due to increases in consumer prices, both in prepaid and postpaid services.

Meanwhile, fixed Internet recorded a drop in revenues, as the company migrated from old technologies to fiber optics (FTTH).

Net operating revenue grew 2.6 percent and reached R$11.04 billion (US$2.76 billion), driven mainly by mobile services, which totaled R$7.1 billion (+6.6 percent). Landine service . . .

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