Telefonica Brasil SA ADR

VIV: XNYS (USA)
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Vivo Earnings: Despite Rising Wireless Competition, Results Remain Solid

Telefonica Brasil (Vivo) posted modestly accelerating growth during the second quarter, with revenue up 7.6% year over year. Wireless service revenue increased 6.6%, equal to the average of the prior five quarters, while broadband revenue increased 11.2%, the fastest pace in two years.

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