Telefonica Brasil SA ADR

VIV: XNYS (USA)
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Vivo Earnings: A Solid Wireless Quarter Amid a Tough Broadband Competitive Environment

Telefonica Brasil, or Vivo, delivered solid third-quarter results, with revenue growing 7.1% year over year. Cost control efforts overcame a one-time benefit to bad debt expense a year ago and growth in low-margin value-added services, like music streaming, to hold EBITDA margins stable at 42%.

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