The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Pin to quick picksTelford Homes Share News (TEF)

  • There is currently no data for TEF

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Telefonica Brasil outlines aggressive expansion strategy

Mon, 12th Mar 2018 22:06

By Paul Kilby

NEW YORK, March 12 (Reuters) - Telefonica Brasil SA, the South American nation's largesttelecommunications firm, is eyeing aggressive organic expansionin the next three years with a special focus on the country'sfast-growing broadband segment, executives said on Monday.

At a presentation to investors and analysts in New York,Telefonica Brasil CEO Eduardo Navarro said the company planned24 billion reais ($7.36 billion) in capital expenditures overthe next three years, well above rivals like TIM ParticipaçõesSA, Telecom Italia SpA's Brazilian unit.

Meanwhile, the company separately will shell out 2.5 billionreais specifically to expand in broadband, which TelefonicaBrasil and rivals see as key, especially as mobile and paid TVmarkets stagnate in Latin America's largest economy.

"Fiber is something we are doing very aggressively in Spainand here in Brazil. The demand for ultra broadband is huge,"Navarro said, referring to the Telefonica group as awhole.

"We have great advantages when you take our experience fromSpain. Spain has the highest fiber penetration in the West, andwe want to replicate that in Brazil."

While there has been some speculation about the acquisitionof part or whole of debt-ridden rival Oi SA by itscompetitors, Navarro said most growth would be organic.

On the cost side, he said the company planned to save 1.2billion reais through digitalization by 2020, with operatingcash flow coming to "at least" 20 percent of revenue withinthree years, up from its current level of 15.4 percent.

In terms of dividends, Chief Financial Officer David Melconsaid the company would continue along a similar path.

"Because we have low leverage, we can continue with similarshareholder remuneration," he said.

($1 = 3.26 reais)(Reporting by Gram Slattery; editing by Jason Neely and CynthiaOsterman)

More News
2 Oct 2019 15:40

Telford Homes Shares Cancelled As CBRE Buy Concludes

Telford Homes Shares Cancelled As CBRE Buy Concludes

Read more
26 Sep 2019 15:44

UK Court Sanctions Telford Homes GBP267 Million Takeover By CBRE Group

UK Court Sanctions Telford Homes GBP267 Million Takeover By CBRE Group

Read more
23 Sep 2019 13:27

Telford Homes Takeover Proposal Gains EU Regulatory Approval

Telford Homes Takeover Proposal Gains EU Regulatory Approval

Read more
23 Sep 2019 08:17

Telford Homes gets EU clearance for CBRE takeover

(Sharecast News) - Telford Homes has received clearance from the European Commission for its takeover by US real estate firm CBRE.

Read more
20 Aug 2019 18:24

JPMorgan Chase Holds 6% Telford Homes Stake After Deal

(Alliance News) - Telford Homes PLC on Tuesday said JPMorgan Chase & Co held a 5.6% stake in the developer after a deal on Thursday last week.JPMorgan Chase held 4.1 million shares, to

Read more
30 Jul 2019 16:08

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 31 JulyIntegumenMind GymHalfords GroupJames CropperCML 1

Read more
23 Jul 2019 16:24

Octopus Sells While Sand Grove Capital Builds Holding In Telford Homes

(Alliance News) - Telford Homes PLC on Tuesday said Octopus Investments Nominees Ltd reduced its holding in the real estate developer, while Sand Grove Capital Management LLP built its stake in a

Read more
11 Jul 2019 18:35

Telford Homes Shareholders Revolt On Reappointment Of PwC As Auditor

(Alliance News) - Telford Homes PLC on Thursday said the resolution to reappoint PricewaterhouseCoopers LLP as auditor was not passed by a show of hands at its annual general meeting but was then

Read more
3 Jul 2019 08:30

Struggling Telford Homes Agrees GBP267 Million Takeover By CBRE

(Alliance News) - Telford Homes PLC, which is currently wrestling with falling profitability, has agreed a GBP267 million takeover by US commercial real estate firm CBRE Group Inc, CBRE announced

Read more
20 Jun 2019 12:13

Telford Homes Seals GBP280 Million Deal To Build 900 London Homes

(Alliance News) - Residential property developer Telford Homes PLC said Thursday it secured a GBP280 million contract to design and build 900 homes in London for Henderson Park and Greystar Real a

Read more
30 May 2019 13:13

Thursday broker round-up

(Sharecast News) - Sophos: Numis downgrades to hold with a target price of 320p.

Read more
29 May 2019 09:29

Telford Homes Annual Profit Drops On Subdued Market And Slower Sales

LONDON (Alliance News) - Telford Homes PLC said Wednesday its annual revenue grew on increased build to rent contracts, however, profit fell on slower sales rate and contract delays.For the

Read more
29 May 2019 07:53

Telford Homes profit drops as it focuses on build to rent developments

(Sharecast News) - Residential property developer Telford Homes posted a drop in full-year pre-tax profit on Wednesday as it increased its focus on lower margin build to rent developments.

Read more
22 May 2019 16:12

UK Earnings, Trading Statements Calendar - Next 7 Days

Thursday 23 May United UtilitesFull Year ResultsMothercareFull Year REITFull 24

Read more
5 Mar 2019 10:25

Telford Homes Partners With M&G And Invesco On Build-To-Rent Schemes

LONDON (Alliance News) - Residential property developer Telford Homes PLC on Tuesday said it has selected M&G Real Estate and Invesco Real Estate as its build-to-rent partners for forward fund

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.