Telefônica Brasil S.A. (VIV)

UPDATE 2-Telefonica Brasil's net profit rises 42% in fourth quarter with post-paid business

Brazilian telecommunications operator Telefonica Brasil posted on Tuesday a 42.1% increase in fourth quarter net profit from a year earlier, helped by an increase in revenues in its post-paid operations. The firm, which is controlled by Spain's Telefonica , posted a 1.60 billion reais ($324.7 million) net profit for the quarter ended in December. "The strong post-paid performance is related to the increase in the customer base, both through prepaid migrations and the acquisition of new customers, and annual price adjustments", Telefonica Brasil said.