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

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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