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	<title>Consultant Value Added &#187; Search Results  &#187;  vivo</title>
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		<title>Consultant Value Added &#187; Search Results  &#187;  vivo</title>
		<link>http://consultantvalueadded.com</link>
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		<title>Telefonica&#8217;s 2010 results: Top line growth &amp; CF generation</title>
		<link>http://consultantvalueadded.com/2011/03/01/telefonicas-2010-results-top-line-growth-cf-generation/</link>
		<comments>http://consultantvalueadded.com/2011/03/01/telefonicas-2010-results-top-line-growth-cf-generation/#comments</comments>
		<pubDate>Tue, 01 Mar 2011 10:43:31 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Company analysis]]></category>
		<category><![CDATA[Results]]></category>
		<category><![CDATA[annual results]]></category>
		<category><![CDATA[Movistar]]></category>
		<category><![CDATA[O2]]></category>
		<category><![CDATA[Telefonica]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1582</guid>
		<description><![CDATA[I was attending to last week Telefónica&#8217;s Q4 2010 Earnings Call (held on February 24th) and there were extremely interesting insights coming from the executives of this telecom giant. As it&#8217;s not straight froward to find the transcript of the call, and finding it interesting, I wanted to post it to share it with all of [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&#038;blog=3987427&#038;post=1582&#038;subd=consultantvalueadded&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">cvaldecc</media:title>
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		<title>Telefonica 3Q2010 results: LatAm strong, Spain a bit weaker</title>
		<link>http://consultantvalueadded.com/2010/11/11/telefonica-3q2010-results-latam-strong-spain-a-bit-weaker/</link>
		<comments>http://consultantvalueadded.com/2010/11/11/telefonica-3q2010-results-latam-strong-spain-a-bit-weaker/#comments</comments>
		<pubDate>Thu, 11 Nov 2010 17:11:02 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Company analysis]]></category>
		<category><![CDATA[Results]]></category>
		<category><![CDATA[Latin America]]></category>
		<category><![CDATA[Movistar]]></category>
		<category><![CDATA[spain]]></category>
		<category><![CDATA[Telefonica]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1508</guid>
		<description><![CDATA[TEF has reported 3Q10 results roughly in line, with Adj. EBITDA +2.8% (vs +3.2%e). Adj. Net Income below estimates (-10.7% vs. +10.6%e) due to higher taxes. On the positive front, LatAm keeps on delivering impressive growth, whilst on the negative front adjusted numbers for Spain come in slightly weaker. TEF has reported 3Q numbers roughly [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&#038;blog=3987427&#038;post=1508&#038;subd=consultantvalueadded&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">cvaldecc</media:title>
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		<title>Telefonica&#8217;s 2009 results &#8211; Financial review and forecast 2010</title>
		<link>http://consultantvalueadded.com/2010/03/03/1230/</link>
		<comments>http://consultantvalueadded.com/2010/03/03/1230/#comments</comments>
		<pubDate>Wed, 03 Mar 2010 11:37:05 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Company analysis]]></category>
		<category><![CDATA[telecom]]></category>
		<category><![CDATA[annual results]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[Telefonica]]></category>
		<category><![CDATA[TeleSP]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=1230</guid>
		<description><![CDATA[Telfónica has recently published 2009 results. I found interesting the BBVA&#8217;s TMT team review on these results and its impact in the share value. Please find it next. Enjoy. (Disclosure: No positions in any referred company). Telefonica&#8217;s results overview. Overall, we highlight (following Q409 results presentation) encouraging 2010 operating guidance (EBITDA 10: +1%/+3%). We believe [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&#038;blog=3987427&#038;post=1230&#038;subd=consultantvalueadded&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">cvaldecc</media:title>
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		<title>Vivo’s Q2′09 strong results: our opinion</title>
		<link>http://consultantvalueadded.com/2009/07/30/vivo%e2%80%99s-q2%e2%80%b209-strong-results-our-opinion/</link>
		<comments>http://consultantvalueadded.com/2009/07/30/vivo%e2%80%99s-q2%e2%80%b209-strong-results-our-opinion/#comments</comments>
		<pubDate>Thu, 30 Jul 2009 09:00:48 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Results]]></category>
		<category><![CDATA[brasil]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=948</guid>
		<description><![CDATA[As made before in our previous post related to VIVO Participacoes S.A. (vivo) (4% of TEF 09e EBITDA, and 37% of PT´s), please find next our evaluation on the latest released Q2 09 figures. There has been a strong performance increase (above analyst&#8217;s estimates) due to aggressive opex cuts. Top line disappoints with Revenues Q2 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&#038;blog=3987427&#038;post=948&#038;subd=consultantvalueadded&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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			<media:title type="html">cvaldecc</media:title>
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		<title>Investors should take profits out of Vivo&#8230; really?</title>
		<link>http://consultantvalueadded.com/2009/06/04/investors-should-take-profits-out-of-vivo-really/</link>
		<comments>http://consultantvalueadded.com/2009/06/04/investors-should-take-profits-out-of-vivo-really/#comments</comments>
		<pubDate>Thu, 04 Jun 2009 14:47:53 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[Consulting]]></category>
		<category><![CDATA[1Q2009]]></category>
		<category><![CDATA[brasil]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=798</guid>
		<description><![CDATA[Following the success of my previous post related to vivo, and after our first article publication in SeekingAlpha,  I&#8217;d like to share some additional insights related to the latest results published by vivo and their comparison with the rest of the market players. As detailed before, despite the growth achieved on a yearly basis, 1Q09 [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&#038;blog=3987427&#038;post=798&#038;subd=consultantvalueadded&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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		<title>Vivo&#8217;s Q1&#8217;09 revenues grow 21.4% year-on-year: our opinion</title>
		<link>http://consultantvalueadded.com/2009/05/10/vivo-revenues-grow-21-4-year-on-year-our-opinion/</link>
		<comments>http://consultantvalueadded.com/2009/05/10/vivo-revenues-grow-21-4-year-on-year-our-opinion/#comments</comments>
		<pubDate>Sun, 10 May 2009 10:00:15 +0000</pubDate>
		<dc:creator>Carlos Valdecantos</dc:creator>
				<category><![CDATA[acquisition]]></category>
		<category><![CDATA[Churn]]></category>
		<category><![CDATA[Consulting]]></category>
		<category><![CDATA[prepaid]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[Claro]]></category>
		<category><![CDATA[market share]]></category>
		<category><![CDATA[net adds]]></category>
		<category><![CDATA[Q12009]]></category>
		<category><![CDATA[quarter results]]></category>
		<category><![CDATA[TIM]]></category>
		<category><![CDATA[vivo]]></category>

		<guid isPermaLink="false">http://consultantvalueadded.com/?p=722</guid>
		<description><![CDATA[Brazilian mobile operator Vivo Participacoes&#8217; posted first quarter results last Friday. After hearing the investor&#8217;s call and downloading the 1Q results report, the highlights for this last quarter are: Net service revenue reached BRL 3.6 billion, up by 21.4 percent over the same quarter last year. EBITDA jumped by 25.2 percent to BRL 1.2 billion, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=consultantvalueadded.com&#038;blog=3987427&#038;post=722&#038;subd=consultantvalueadded&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>1</slash:comments>
	
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			<media:title type="html">cvaldecc</media:title>
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			<media:title type="html">Vivo ms erosion</media:title>
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