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Telefonica Brasil reports profit of $180 mln in 1st qtr

05/11/2021 18:10
Telefonica Brasil reports profit of $180 mln in 1st qtr

- Telefonica Brasil on Tuesday reported a net income of 942 million reais ($180.43 million) in the first quarter, down 18% compared with a year ago, saying it reflected higher financial expenses and depreciation.

Telefonica Brasil also announced it had signed a memorandum of understanding with Teladoc Health TDOC.N in order to launch a telemedicine digital platform in Brazil called Viva V. It did not disclose the size of any investments in the new venture.


($1 = 5.2208 reais)


(Reporting by Marcelo Rochabrun; Editing by Leslie Adler)

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