The following is a summary of the Telefônica Brasil S.A. (VIV) Q4 2023 Earnings Call Transcript:
Financial Performance:
Telefônica Brasil's total revenue and EBITDA increased by 8.4% and 10.6% in 2023, respectively.
Net income rose by 23% to reach R$5 billion in 2023.
Operating cash flow and free cash flow saw significant growth, totalling at R$12.4 billion and R$8.1 billion in 2023, respectively.
The CapEx to sales ratio reduced from 20% in 2022 to 17% in 2023, with CapEx falling below R$9 billion.
Business Progress:
Telefônica Brasil expanded its mobile segment revenue by 8.4% YoY, with over 70% of total revenue.
FTTH (Fiber to the Home) showed strong performance with nearly 700,000 net additions in 2023.
Digital B2B services and financial services revenues grew by 25% and 36% YoY, respectively.
Telefônica Brasil is formulating strategies to open the free energy market to both B2B and B2C customers in partnership with Auren Energy.
The company is planning a reduction in CapEx and intends to shut down legacy technologies to focus on future-proof networks like fiber and 5G.
Telefônica Brasil intends to disburse to shareholders a value equal to or greater than 100% of net income in 2024, 2025, and 2026.
More details: Telefonica Brasil IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.