Leadership in the postpaid segment, with continued growth (+6.9% y-o-y in 2Q16), while the share of net additions came to 37.0% until May 2016. Postpaid market share stood at 42.3% in May (+0.7 p.p. y-o-y).
Mobile ARPU recorded y-o-y growth of 15.9% in 2Q16, fueled by rationality, higher postpaid mix and growth in Data ARPU (+40.0% y-o-y), which corresponded to 55.7% of total ARPU.
Broadband accesses totaled 7.2 million in 2Q16 (+2.4% y-o-y), with FTTx connections accounting for 55.3% of the base, with 10.0% growth y-o-y. Broadband ARPU increased by 7.4% y-o-y in 2Q16.
Pay TV accesses came to 1.8 million in 2Q16, 1.3% down y-o-y, while Pay TV ARPU increased 12.3%, reflecting the Company's strategy of focusing on higher-value customers.
Net operating services revenue grew 1.6% in 2Q16 over 2Q15 (+3.9% y-o-y excluding regulatory effects), accelerating growth in relation to the 1Q16.
Mobile service revenue acceleration to 2.6% y-o-y in 2Q16 (vs 0.4% y-o-y in 1Q16). Excluding the regulatory impact in 2016, this line increased 4.7% over 2Q15. Data and VAS revenue posted increased growth of 24.0% y-o-y in 2Q16.
Net fixed revenue remained stable in 2Q16 over 2Q15 impacted by regulatory effects. Excluding the reduction in fixed to mobile (VC) and local/national long-distance fixed interconnection (TU-RL/TU-RIU), this increase was 2.8%. Ultrabroadband and TV revenues continued to post strong growth of 19.9% and 13.9% y-o-y, respectively in 2Q16.
Operating costs fell 0.4% y-o-y in 2Q16. Excluding the effect from the provision for corporate restructuring, this reduction was 1.8%, reflecting the capturing of synergies and execution of efficiency initiatives.
Recurring EBITDA increased by 7.0% y-o-y, to R$3.3 billion, with EBITDA margin of 31.4% (+1.8 p.p. y-o-y), fueled by the capture of synergies and efficiency initiatives.
Net income of R$1,917.7 million in the 1H16, 42.3% up on 1H15.
Second-quarter investments amounted to R$1.8 billion, accounting for 16.8% of net operating revenue in 2Q16. Recurring EBITDA-Capex grew by 49.7% over 2Q15, with a strong expansion in FCF (+59% y-o-y).
Success in the execution of synergies guarantee capture of 55% of NPV of best case scenario. Capturing of synergies above estimates and additional opportunities identified during the integration process point to an enhanced trending NPV of R$ 25 billion.
TELEFONICA BRASIL – Investor Relations
Maria Tereza David
+55 11 3430-3687 / firstname.lastname@example.org
To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/ir
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/2q16-results-telefonica-brasil-sa-300304429.html
SOURCE Telefonica Brasil S.A.