The migration of the Brazil/ Vivo Telefônica () granting of the concession model to the private (authorization) regime is conditioned to investments of up to R $ 4.5 billion by the company in the next ten years. Analysts believe the company can pay a lower value, but CEO Christian Gebara prefers not to make promises.
“It is very early to give a perspective of how much of this calculated value will be the reality of execution,” the executive told a press conference about the results of the company in the fourth quarter of 2024 and full year.
“We are talking about a long period of time, which certainly has technological evolutions and we can have another kind of efficiency in our operation,” he added.
Estimates the value of the investment can approach more than one intermediate point (around R $ 2.25 billion), “assuming that a significant part of this Capex will be synergistic with the company’s current investment plan,” wrote analyst Bernardo Guttman .
The amount includes investments in network connection infrastructure and the continuation of fixed telephone service in 373 cities where only Vivo offers this service.
said Gebara. “The execution of migration of customers who today are in copper to fiber, we will also be able to reduce centers, sell copper .. but this will give more transparency in the next quarters,” says the CEO.
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In December last year, Vivo signed a term to adapt the concession contracts for authorization with the National Telecommunications Agency (Anatel), the Federal Court of Accounts (TCU) and the Union.
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In the fourth quarter, the reversal of provisions related to the regime’s migration deemed a reduction of R $ 406 million in the fourth quarter financial expenses and a positive impact of R $ 386 million on the company’s operational result.
