Telefônica Brazil Grows by 22 Percent in the First Quarter of 2019

Vivo continues to be the sole leader in mobile service. The company's market share in Brazil, recorded in March 2019, stands at 32.1 percent, an increase of 7.5 percent over the runner-up position.

By Contributing Reporter

RIO DE JANEIRO, BRAZIL - Telefônica Brasil achieved a net profit of R$1.3 billion (US$325 million) in the first quarter of 2019, with a growth of 22.2 percent over the same period last year.

Recurring EBITDA, which is profit excluding interest, taxes, depreciation, and amortization, totaled R$3.9 billion, an annual increase of 2.9 percent.

Driven by mobile service, handset, and broadband sales, the company's net revenue increased by 1.7 percent year-on-year.

This was possible due to the company's investment in the period, which totaled R . . .

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