Telefonica Brasil posts 12.3 percent drop in quarterly profit

miércoles 13 de mayo de 2015 07:35 GYT

SAO PAULO May 13 (Reuters) - Brazilian phone company Telefonica Brasil SA said on Wednesday that its first-quarter profit fell 12.3 percent from a year earlier to 579.7 million reais ($191 million).

The Brazilian unit of Spain's Telefonica said in a securities filing that earnings before interest, taxes, depreciation and amortization rose 0.2 percent from a year ago to 2.57 billion reais.

The company said in another filing that its board would meet on May 28 to deliberate the purchase of broadband provider GVT.

($1 = 3.04 reais) (Reporting by Caroline Stauffer and Guillermo Parra Bernal; Editing by Chizu Nomiyama)