Telefônica Brasil S.A. (VIV) Q4 2025 Earnings Call Transcript

SA Transcripts158.56K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Telefônica Brasil S.A. (VIV) Q4 2025 Earnings Call February 23, 2026 9:00 AM EST Company Participants João Carneiro - Investor Relations DirectorChristian Gebara - CEO, Member of Board of Executive Officers & DirectorDavid Sanchez-Friera - Chief Financial & Investor Relations Officer and Member of Board of Executive Officers Conference Call Participants Leonardo Olmos - UBS Investment Bank, Research DivisionMarcelo Santos - JPMorgan Chase & Co, Research DivisionRogério Araújo - BofA Securities, Research DivisionPhani Kumar Kanumuri - HSBC Global Investment ResearchMaria Infantozzi - Itaú Corretora de Valores S.A., Research DivisionDaniel Federle - Banco Bradesco BBI S.A., Research DivisionGustavo Farias - UBS Investment Bank, Research Division Presentation Operator Good morning, ladies and gentlemen, and welcome to Vivo's Fourth Quarter and Full Year 2025 Earnings Call. This conference is being recorded, and the replay will be available at the company's website at ri.telefonica.com.br. The presentation will also be available for download. This call is also available in Portuguese. [Operator Instructions] [Foreign Language] I would like to inform you that all attendees will only be listening to the conference during the presentation, and then we will start the Q&A session when further instructions will be provided. Before proceeding, we would like to clarify that any statements that may be made during this conference call regarding the company's business prospects, operational and financial projections, and goals are the beliefs and assumptions of Vivo's Executive Board and the current information available to the company. These statements may involve risks and uncertainties as they relate to future events, and therefore, depends on circumstances that may or may not occur. Investors should be aware of events related to the macroeconomic scenario, the industry and other factors that could cause actual results to differ materially from those expressed in the respective forward-looking statements. Present at this conference, we