Summary
Telefonica Brasil: That's Why Starlink Is Not A Threat
I reiterate my buy rating on Telefônica Brasil, seeing 16% upside to a $15.33 fair value. VIV faces minimal threat from Starlink, as customer overlap is limited to remote regions, not VIV's urban strongholds. Sector consolidation, mature infrastructure, and a focus on high-density, high-HDI regions underpin VIV's competitive advantage and margin strength.
Telefonica Brasil Q1 Earnings Call Highlights
Telefonica Brasil NYSE: VIV, operating under the Vivo brand, reported a stronger first quarter of 2026, with management pointing to growth in postpaid mobile, fiber broadband, digital services and disciplined cost control as drivers of higher profitability and cash generation.
Telefonica Brasil Q1: Why The Pullback Looks Overdone
1Q26 reinforced the core thesis of VIV, with revenue growing above inflation, EBITDA outpacing revenue, and OpCF margin improving to 26.2%. CapEx intensity continues to decline, supporting better cash conversion even though absolute CapEx remains broadly stable. Telefônica Brasil has already confirmed at least R$7 billion in shareholder distributions for 2026, supporting a well-covered 5%–6% dividend yield.
Telefonica Brasil S.A. ADR Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 5 | $79.55 | $69.77 | -$9.78 | -12.29% |
 Charles Brandes Brandes Investment Partners | 2.45M | $24.77M | $34.24M | $9.47M | 38.24% |
 Point72 Asset Management LP Point72 Asset Management LP | 424,703 | $5.41M | $5.94M | $520,540.61 | 9.61% |
| YA Yinka Akinsola Blue Trust Inc. | 10,209 | $129,582.35 | $142,670.77 | $13,088.42 | 10.1% |
 Jeff Ameen Spire Wealth Management | 829 | $6,491.77 | $11,630.87 | $5,139.1 | 79.16% |
Telefonica Brasil S.A. ADR (VIV) FAQ
What is the stock price today?
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Does it pay dividends? What is the current yield?
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Has Telefonica Brasil S.A. ADR ever had a stock split?
Telefonica Brasil S.A. ADR Profile
| Diversified Telecommunication Services Industry | Communication Services Sector | Christian Mauad Gebara CEO | NYSE Exchange | 87936R205 CUSIP |
| BR Country | 32,759 Employees | 29 Jun 2026 Last Dividend | - Last Split | 16 Nov 1998 IPO Date |
Overview
Telefônica Brasil S.A., a leading mobile telecommunications company in Brazil, has established a strong presence in the telecommunications industry alongside its subsidiaries. Originally known as Telecomunicações de São Paulo S.A. - TELESP, the company underwent a rebranding to Telefônica Brasil S.A. in October 2011. Founded in 1998 with its headquarters in São Paulo, Brazil, the company has expanded its services across various segments, delivering comprehensive telecommunication solutions to a diverse clientele. Telefônica Brasil caters to retail, manufacturing, service industries, financial institutions, and government sectors, providing a wide range of telecommunications solutions and IT support.
Products and Services
- Fixed Line Services
Offers local, domestic long-distance, and international long-distance telephony services, catering to both businesses and households.
- Mobile Portfolio
Includes voice and broadband internet access services through advanced technologies such as 3G, 4G, 4.5G, and 5G. The company also provides mobile value-added and wireless roaming services.
- Data Services
Provides both broadband and mobile data services, ensuring high-speed internet access for subscribers.
- Pay TV Services
Delivers a wide selection of channels and content through IPTV technologies, enhancing the entertainment experience for users.
- Network Services
Offers facility rental, catering to the needs of various businesses requiring robust network infrastructure.
- Other Services
Includes a variety of offerings such as internet access, private network connectivity, computer equipment leasing, extended service, caller identification, voice mail, cellular blocker, and more.
- Wholesale Services
Provides interconnection services to other network providers, facilitating a comprehensive telecommunication ecosystem.
- Digital Services
Focuses on digital transformation by offering services in entertainment, cloud, security, and financial services, addressing the evolving needs of digital consumers.
- Multimedia Communication Services
Offers a blend of audio, data, voice, other sounds, images, texts, and other information services, catering to the diverse communication needs of modern users.
- Device Sales
Sells smartphones, broadband USB modems, and other devices, providing the necessary hardware for utilizing their services.
- Telecommunications Solutions and IT Support
Provides tailored telecommunications solutions and IT support to a variety of industries, emphasizing on customization to meet specific business needs.
- Sales Channels
Markets and sells its solutions through a mix of own stores, dealers, retail and distribution channels, door-to-door sales, and outbound tele sales, ensuring wide accessibility and convenience for customers.
