4Q20 Results: Telefônica Brasil S.A.
SÃO PAULO, Feb. 23, 2021 /PRNewswire/ -- Telefônica Brasil - (B3: VIVT3 [Common Shares]; NYSE: VIV), announces its results for 4Q20 and 2020.
Leadership reaffirmed in mobile and fiber, combined with strong financial performance and shareholder remuneration
Mobile market share reached 33.6% in December 2020 and remains at historic highs. Postpaid accesses grew 3.9% y-o-y and accounted for 57% of total mobile accesses, with a market share of 37.7% in December 2020 and the lowest churn in 5 years.
Fiber-to-the-home broadband customers totaled 3,378 thousand (+36% y-o-y), posting accelerated additions of high-quality customers in 4Q20. FTTH ARPU increased 13% versus 4Q19, reaching R$91.9.
Core businesses represented 88% of total revenues with increasing relevance. FTTH revenues continue to grow significantly (+52.9% y-o-y) while mobile service revenues are showing solid recovery growing 2.1% y-o-y.
Operating Costs decreased 3.4% y-o-y in 4Q20, driven by digitalization and automation initiatives.
Recurring EBITDA totaled R$4,877 million (+0.8% y-o-y) in 4Q20, with a recurring EBITDA margin of 43.6%.
Investments of R$7,789 million in 2020, focused on the expansion of the FTTH network and the capacity of the 4G and 4.5G networks.
Net Income of R$1,293 million in 4Q20, up 1.5% y-o-y. In 2020, net income reached R$4,771 million, down 4.6% y-o-y. Proposed shareholder remuneration based on 2020 profit reaches R$5,418 million, representing a payout of 113.6%, with a dividend yield of 7.0%.
Free Cash Flow after Leasing payments reached R$9,610 million in 2020 (+12.6% y-o-y), the highest ever cash generation as a result of Capex optimization and lower operating, financial and tax payments.
TELEFÔNICA BRASIL – Investor Relations
To download the complete version of the Company's earnings release, please visit our website: http://www.telefonica.com.br/ir
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SOURCE Telefônica Brasil
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