Telefonica Brasil (Telefonica Brasil) Construction In Progress : $314 Mil (As of Dec. 2023)

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What is Telefonica Brasil Construction In Progress?

Telefonica Brasil's quarterly construction in progress increased from Jun. 2023 ($367 Mil) to Sep. 2023 ($408 Mil) but then declined from Sep. 2023 ($408 Mil) to Dec. 2023 ($314 Mil).

Telefonica Brasil's annual construction in progress increased from Dec. 2021 ($295 Mil) to Dec. 2022 ($494 Mil) but then declined from Dec. 2022 ($494 Mil) to Dec. 2023 ($314 Mil).

Telefonica Brasil Construction In Progress Historical Data

The historical data trend for Telefonica Brasil's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Telefonica Brasil Construction In Progress Chart

Telefonica Brasil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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590.71

462.25

294.83

493.75

313.60

Telefonica Brasil Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															473.90	493.75	366.81	407.72	313.60

Telefonica Brasil Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Telefonica Brasil (Telefonica Brasil) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Telefonica Brasil SA (NYSE:VIV) » Definitions » Construction In Progress

Comparable Companies

Traded in Other Exchanges

TSPA:Germany VIVT3:Brazil VIV:Argentina

Address

Avenida Engenheiro Luis Carlos Berrini, 1376, 32nd Floor, Sao Paulo, SP, BRA, 04571-936

Website

https://www.telefonica.com.br

Telefonica Brasil, known as Vivo, is the largest wireless carrier in Brazil with 98 million customers, equal to about 40% market share. The firm is strongest in the postpaid business, where it has 60 million customers, about 42% share of this market. It is the incumbent fixed-line telephone operator in Sao Paulo state and, following the acquisition of GVT, the owner of an extensive fiber network across the country. The firm provides internet access to 6 million households on this network. Following its parent Telefonica's footsteps, Vivo is cross-selling fixed-line and wireless services as a converged offering. The firm also sells pay-tv services to its fixed-line customers.