Telefônica Brasil

Telefônica Brasil, trading as Vivo,[3] is a Brazilian telecommunications group, subsidiary of Spanish Telefónica.

Telefônica Brasil S.A.

Type	Public sociedade anônima
Traded as	B3: VIVT3, VIVT4 NYSE: VIV Ibovespa Component
Industry	Telecommunications
Predecessor	Telesp
Founded	1998
Headquarters	São Paulo , Brazil
Key people	Christian Gebara (CEO)
Products	Fixed line, Mobile telecommunications, Internet services, Cable television
Brands	Vivo
Revenue	US$ 11.1 billion (2018)[1]
Operating income	US$ 2.3 billion (2018) [2]
Number of employees	34,000
Parent	Telefónica
Subsidiaries	Terra TGestiona
Website	www.telefonica.com.br

It was originally formed as part of Telebrás, the state-owned telecom monopoly at the time. In 1998, Telebrás was demerged and privatized. Telefónica bought Telesp, the São Paulo division, and rebranded it to Telefónica. The group has a participation of 15% in its revenues in the world and currently the company has more than 90 million customers.

In 2010, Telefónica acquired the shares of Vivo that belonged to Portugal Telecom, and transferred control of the company to Telefônica-Vivo, its subsidiary in Brazil. In 2012 the company's services began to be marketed under the Vivo brand, its services, such as internet access, cable and satellite television, fixed and mobile telecommunications, among others, were integrated in this brand, launched in 2003 for the Telefónica-Portugal Telecom mobile telecommunications joint venture.