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Telefonica Brasil, S.A.

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Telefonica Brasil reported mixed financial numbers in the first quarter of 2015. The company’s net income declined 12.3% year over year while revenues surpassed the Zacks Consensus Estimate. Although the company registered significant revenue growth in its mobile business owing to strength in Data, Internet, VAS and other services, the fixed line segment has suffered considerably. Further, weak economic growth, competitive pressure, increased wireless penetration, a weak Brazilian real and regulatory difficulties continue to weigh on the stock. 

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