By Rogerio Jelmayer
SÃO PAULO--Telefónica Brasil SA posted a 12% decrease in its
first-quarter net profit amid higher operating and debt service
expenses.
The company, which is controlled by Spain's Telefonica SA,
posted a net profit of 579.7 million Brazilian reais ($191.7
million), down from BRL660.8 million in the year-earlier
period.
Telefonica's operating costs increased 6% in the period to
BRL6.4 billion, and its debt service costs more than doubled to
BRL217 million.
The company's net revenue rose 4.3% to BRL8.98 billion.
The company had 97.18 million customers at the end of the
quarter, up from 93.85 million in the year-earlier period.
Telefónica Brasil is Brazil's largest mobile-phone company by
market share, according to telecommunications regulator Anatel.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
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