Telefônica Brasil S.A. (NYSE:VIV) Q2 2016 Earnings Conference Call - Preliminary Transcript

Jul 27, 2016 • 09:00 am ET


Telefônica Brasil S.A. (NYSE:VIV) Q2 2016 Earnings Conference Call - Preliminary Transcript


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Good morning ladies and gentlemen. At this time, we would like to welcome everyone to the Telefonica Brazil second quarter of 2016 earnings conference call. Today with us, representing the management of Telefonica, Brazil. We have Mr. Amos Genish CEO, Mr. David Melcon. CFO and Investor Relations Officer, Mr. Christian Gebara, Chief revenue officer, Mr. Rodriguez, the instrument chief Resource Officer, and Mr. Luis Plaster IR director.

We also have a simultaneous webcast with slide presentation on the internet that can be accessed at the site dot var slash IR. There will be a replay facility for this call on the website. After the company's remarks are over, there will be a question and answer session. At that time, further instructions will be given. Should any participant need assistance during this conference, [Operator Instructions].

Unidentified Speaker

Before proceeding, let me mention that forward looking statements are being made under the safe harbor of the securities litigation Reform Act of 1996 forward looking statements are based on the company's company management beliefs, and assumptions and on information currently available forward looking statements are not guarantees of performance.

They involve risks, uncertainties and assumptions because they relate to future events, and therefore depend on circumstances that may or may not occur in the future. investors should understand that general economic conditions, industry conditions and other operating factors could also affect the company's future results and could cause results to differ materially from those expressed in such forward looking statements. Now, I will turn the conference over to Mr. Luis Plaster the Investor Relations Director of Telefonica, Brazil. Mr. Luis Plaster, you may begin your conference.

Luis Plaster

Good morning, everybody. Thank you for joining us in this conference call for the second quarter of 2016 results release of Telefonica Brazil. Our call as usual will be divided in three parts. The first part our CEO, Amos Genish will give you an overview of world breaking financial results for the quarter. In the second part, I'm going to pass it on to questions about our chief revenue officer to go over commercial strategy to our CFO, the David Melcon, who will discuss in detail your financial results, and synergies evolution, which has some important updates this quarter.

It your legal giesemann, our chief resources officer who explained our complex evolution, and finally we move to Q&A. Now I press the word to Amos[Indecipherable] for the second quarter of 2016 we have been able to accelerate service evidence God while continuing to persist the goal and beaten the cash flow by leveraging synergies and efficiencies.

I would like to I like to read messages about our best our service revenues are actually driven by positive trends in the mobile business, there was 1.6% year over year and improvement versus the first quarter when they are mobile business. But the main driver of the angles acceleration going to pay 2.6% year over year versus 0.4% is supported on mobile business continue our business continues to benefit from our data