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General

Telefonica Brasil sees higher operating profit in next 3 yrs

Friday 29 July 2016 | 11:16 CET | News
Telefonica Brasil is expecting that operating profit will grow over the next three years, supported by the reduction of costs after the purchase of operator GVT and the recovery of the Brazilian economy, said executive chairman, Amos Genish, according to Reuters. He said that adjusted EBITDA could reach 36 percent of revenue in 2018, when 70 percent of the cost reduction generated by the acquisition of GVT will be achieved. Genish added that Telefonica Brasil is better positioned than its rival to take advantage of a gradual reduction of unemployment and inflation in the country.

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Categories: General
Companies: GVT / Telefonica / Telefonica Brasil
Countries: Brazil
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