Vivo Reports Substantial Loss On Interconnection Fees

Continued reduction in the number of minutes for incoming traffic caused by the migration from fixed-mobile to mobile-mobile traffic has led to Brazil's leading mobile operator Vivo reporting a Q2 net loss of BRL493mn, against BRL253mn in Q205, almost double that recorded a year ago. Further contributing factors, which saw total net revenues of BRL2.6bn, down by 9.8% y-o-y, related to a greater choice of tariff plans for users and customers using their airtime allowance more wisely. However, part of the net loss related to Vivo shedding its inactive user base, which remained flat from mid-2005 at 28.5mn users, as

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