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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:41 EDTVIVTelefonica Brasil reports Q2 revenue R8.62B vs R. 8.49B a year ago
Total accesses reached 94.9M in the quarter. Consistent leadership in higher revenue mobile segments, with acceleration in contract accesses growth, +26.5% y-o-y in 2Q14 with net additions reaching 1,257 thousand in the quarter. Mobile ARPU recorded annual growth of 2.3% in 2Q14, despite MTR reduction, fueled by the growth in Data ARPU, +15.4% in the same period. Fixed voice accesses recorded quarterly growth of 98 thousand accesses in 2Q14, driven by net additions with FWT technology, which reached 168 thousand in the period. FTTH accesses totaled 273 thousand in 2Q14, with acceleration of net additions in the period. FTTH footprint reached 2.9 million homes passed in the quarter. TV accesses grew 43 thousand accesses totaling 688 thousand subscribers. Mobile service revenue recorded variation of +6.0% y-o-y. Excluding the effect of the MTR reduction, this figure came to +9.3% in 2Q14 over 2Q13. Fixed service revenue posted y-o-y variation of -5.4%. Excluding the VC and basic tariff reduction effects, this figure came to -2.4% versus 2Q13.
News For VIV From The Last 14 Days
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June 24, 2015
15:41 EDTVIVVivendi increases position in Telecom Italia to 14.9%
Vivendi (VIVHY) announced that it has received 1.11B ordinary shares, or 8.24%, of Telecom Italia (TI) in exchange for 4.5% of the share capital of Telefonica Brasil (VIV), in accordance with the option given to it as part of the sale of GVT to Telefonica (TEF). Separately, Vivendi increased its ordinary shares in Telecom Italia from the recently purchased 1.9% with an additional stake of 4.76% purchased on June 22 for a total of 6.66%, representing a global cash payment of approximately EUR1B. Vivendi now owns 14.9% of Telecom Italia’s ordinary shares and has thus replaced Telefonica as the company’s largest shareholder. "This investment represents an opportunity for Vivendi... to expand in a market with significant growth prospects and a very strong appetite for quality content. Vivendi intends to support Telecom Italia over the long term," said the company.

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