Company Profile For Vivo Participacoes S.A.

Vivo Participacoes S.A. (VIV.N) (New York Stock Exchange)

sector: Telecommunications Services · industry: Wireless Telecommunications Services ·

As of 12:55am IST

29.69USD

Price Change

+0.41

Percent Change

+1.40%

Analyst Recommendations

Overview

Vivo Participacoes SA (Vivo) is a Brazil-based company engaged in providing cellular telecommunications services. The Company has 100% interest in Vivo SA, a provider of mobile telephone services in the states of Acre, Alagoas, Amapa, Amazonas, Bahia, Ceara, Espirito Santo, Goias, Maranhao, Mato Grosso, Mato Grosso do Sul, Para, Paraiba, Parana, Pernambuco, Piaui, Rio de Janeiro, Rio Grande do Sul, Rondonia, Roraima, Santa Catarina, Sao Paulo, Sergipe, Tocantins and Minas Gerais through its subsidiary Telemig Celular SA. Vivo is controlled by Brasilcel NV (Brasilcel), a joint venture between Portugal Telecom and Telefonica. On April 3, 2008, it acquired Telemig Celular SA, a wireless telecommunication provider in the state of Minas Gerais.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Vivo Participacoes S.A.'s total revenue increased 8% to R$12.04B. Net income for the period increased from R$167.8M to R$635.9M. Total revenue reflects increased demand for the Company's products and services in the Deals & Use and Data & SVA's business segments. Net income for the period benefited from lower financial expenses as well as from improved operating margin.