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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Telefônica Brasil S.A.    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
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Telefonica Brasil SA : 02/07/2012 - Notice to the Market - Information about the 4Q11 earnings release

02/07/2012 | 05:10pm EST

TELEFÔNICA BRASIL S.A.

PUBLICLY TRADED COMPANY

CNPJ/MF nº 02.558.157/0001-62 - NIRE 35.3.0015881-4

NOTICE TO THE MARKET

Telefônica Brasil S.A. announces that to facilitate the understanding and monitoring of the financial performance in the mobile and fixed businesses, the company has decided to publish the selected consolidated financial data corresponding to Telefónica Brasil, providing service revenue breakdown by service instead of by company, from the fourth quarter of 2011 on.

We would like to point out that this amendment will not change in any way the total net revenues, EBITDA or consolidated margins.

The Company will continue to report all the operating metrics previously reported. The changes in reporting result from the following events:

- Fixed and long distance license outside São Paulo was transferred from Telefonica Brasil to the wholly-owned subsidiary Vivo S.A. as of October 20th 2011;

- Launch of fixed services through mobile technology (FWT) outside São Paulo since October 7th 2011;

- Incorporation of Vivo Participações S.A. into Telefônica Brasil S.A. as of October 3rd 2011;

- Increasing volumes of intercompany transactions, distorting the understanding of business performance.

Consequently, as of 4Q11 the press release of Telefonica Brazil will have the following differences from what is currently presented:

- Allocation of long distance revenues according to origin instead of license (e.g. long distance calls originated by a mobile access, in any region of Brazil, will be considered as mobile revenue. Before they were accounted in both businesses to be then eliminated on a consolidated level.);

- Allocation of revenues arising from the FWT solution (Vivo Fixo and Vivo Box products) as fixed revenues;

- Presentation of the revenue evolution in the mobile and fixed segments after intercompany eliminations in order to reflect the financial performance of the integrated company. This will also reflect more precisely the company's exposure to some factors as interconnection.

We also emphasize that, in order to facilitate like for like comparisons, revenues breakdown for 2010 and the first nine months of 2011 have been restated, as per the table below.

São Paulo, February7th 2012

Gilmar Roberto Pereira Camurra

Chief Financial Officer

Telefônica Brasil S.A.

Investor Relations

Tel: +55 11 7420-1172

Information available: www.telefonica.com.br/investidores



© Publicnow 2012
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Financials
Sales 2020 42 932 M 8 122 M 8 122 M
Net income 2020 4 852 M 918 M 918 M
Net Debt 2020 6 957 M 1 316 M 1 316 M
P/E ratio 2020 15,9x
Yield 2020 8,38%
Capitalization 75 451 M 14 373 M 14 274 M
EV / Sales 2020 1,92x
EV / Sales 2021 1,91x
Nbr of Employees 32 793
Free-Float 72,6%
Chart TELEFÔNICA BRASIL S.A.
Duration : Period :
Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 60,50 BRL
Last Close Price 44,68 BRL
Spread / Highest target 56,7%
Spread / Average Target 35,4%
Spread / Lowest Target 25,3%
EPS Revisions
Managers and Directors
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
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