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General

Vivo to surpass parent company for revenue

Thursday 16 March 2017 | 14:47 CET | News
Telefonica Vivo is expected to become the largest company of the Spanish group in revenue this year, surpassing its parent company in revenue for the first time, Eduardo Navarro, president of the company in Brazil, told O Estado de Sao Paulo. In terms of profitability, however, the Brazilian subsidiary will still be below the group's operations in Europe. "Brazil is Telefonica's main market and it is where it allocates most of its investments," he said. Mobile market leader in Brazil, with revenues of BRL 42.5 billion last year, a 0.9 percent increase over 2015, Telefonica Vivo plans to

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Categories: General
Companies: Telefonica / Vivo
Countries: Brazil
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