Telefônica Brasil - (B3: VIVT3; NYSE: VIV), announces its results for 2Q24.
SAO PAULO-SP, Brazil (AP) — Telefonica Brasil SA (VIV) on Monday reported net income of $234.5 million in its second quarter. The Sao paulo-Sp, Brazil-based company said it had net income of 14 cents per share. The telecommunications company posted revenue of $2.62 billion in the period.
Telefonica Brasil said on Monday in a securities filing that its unit TCloud signed a deal to buy cloud service firms IPNET and IPNET USA for up to 230 million reais ($41.29 million). Telefonica Brasil, which is 75% owned by Spanish telecom giant Telefonica, said in the filing that the deal's total value is conditioned on financial and operational goals. According to Telefonica, the deal will "expand TCloud's portfolio and strengthen its professional and managed services, allowing it to speed up and grow."