By Paul Kilby
At a presentation to investors and analysts in
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
"Fiber is something we are doing very aggressively in
"We have great advantages when you take our experience from
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.
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