José María Álvarez-Pallete reaffirms Telefónica’s commitment to Brazil

The Chairman of Telefónica, José María Álvarez-Pallete, met with the President of Brazil, Luiz Inácio Lula da Silva, to reaffirm Telefónica's commitment to this country.

Álvarez-Pallete said that “it is always a pleasure for me to return to Brazil, my second home, where I grew up personally and professionally and where we can proudly say that Telefónica is the market leader with more than 113 million customers”. He added that “Brazil is one of Telefónica’s four key markets and, together with Spain, the two operations that contribute the most to the Group in terms of revenue, margin and cash flow”.

Telefónica has been present in Brazil since 1998 and has been an active part of the market’s consolidation. Through its Vivo brand, it enjoys a leading position in both customers and financial results. Going forward, Telefónica will further expand its customer base, continue to deploy a differentiated network, and capture the opportunities offered by fiber optics (FTTH) and network sharing.

Telefónica Brazil is an integrated operator in the Brazilian market, where it has more than 95 million accesses. The company began operating in this market in 1998 and currently offers a wide range of telecommunications and digital services under the Vivo brand.

Additionally, Telefónica Hispanoamérica is the Telefónica Group unit that brings together the assets and operations in Argentina, Chile, Colombia, Ecuador, Peru, Mexico, Uruguay and Venezuela. It has launched a new multi-country operating model to maximise the value of its assets in Latin America through simplification and expansion.