Vivo Telefonica Second Quarter Net Income Jumps 17%

Brazil · Business Key Facts —Net Income R$1.57 billion (~US$308 million), up 17.0% year-over-year —Net Revenue R$15.76 billion (~US$3.09 billion), up 7.6% year-over-year —EBITDA Margin Record 41.8%, with EBITDA reaching R$6.58 billion (~US$1.29 billion) —Device Sales Handset and electronics revenue surged 27.8% YoY to roughly R$1 billion —Shareholder Payout Company reaffirmed guidance to distribute at…