| Type | Sociedade Anônima |
|---|---|
| Traded as | BM&F Bovespa: VIVT3, VIVT4 NYSE: VIV |
| Industry | Telecomunications |
| Founded | 1998 (privatization) |
| Headquarters | São Paulo, Brazil |
| Key people | Paulo César Teixeira, (CEO) |
| Products | Fixed line, Mobile telecommunications, internet services and digital television |
| Revenue | US$ 24.9 billion (2010) [1] |
| Operating income | US$ 2.7 Billion (2010) [2] |
| Employees | 84.000 |
| Parent | Telefónica |
| Subsidiaries | Vivo |
| Website | www.telefonica.com.br |
Telefônica Brasil (BM&F Bovespa:VIVT3, VIVT4 / NYSE: VIV) is a brazilian telecommunications company subsidiary of Spanish Telefónica. The company was originally formed as part of Telebrás, the state-owned telecom monopoly at the time. In 1998, Telebrás was demerged and privatized, with Telefónica taking Telesp. From that time, Telesp was rebranded as Telefônica. Telefônica Brasil has a participation of 15% in the Group's revenues in the world.
In 2010 Telefónica acquired the shares of Vivo that belonged to Portugal Telecom, and transferred control of the company to Telefonica Brasil, its subsidiary in Brazil. In 2011 the Telefônica Brasil incorporated all outstanding shares of Vivo and delisted the company of BM&F Bovespa. Currently the company has more than 77 million of customers.
Currently the company is the second largest telecommunications company in Brazil, after Oi