Telefônica Brasil S.A. (NYSE:VIV) Q4 2022 Earnings Call Transcript

But others may be they have a different situation. So with a new need investment to continue to grow, and with interest rates are at that level, the cost of capital is not going to be that low as it used to be in the past. So we’re open to see, what’s the opportunity. We have 24 million home passed. We may have a lot of overlap with most of the players. So that could be a reason not to buy with the overlap is very high. So that’s something is one of the criteria that we have in M&A. And the second and the third that are very important is the quality of the network that we are acquiring. We are not going to give up the best quality network that we have, hopefully, mobile and fiber. So if you decide to buy something, it needs to be in the level of quality that we expect to offer to our customers, not only the network, but also the CPE could that’s important part of the inverse.

And of course, finally, we only look for companies that has all the fiscal labor and all the other assets that we believe are correct to put in place in a due diligence that would fit the way we manage our company. So again, open to see, we haven’t found anyone so far. But I think the markets it’s a little bit more open to discussion that it was one year ago.

Felipe Cheng: Perfect. Very clear. Thank you Christian.

Christian Gebara : Thank you, Felipe.

Operator: The question-and-answer session is over. We’d like to hand the floor back to Mr. Christian Gebara for the company’s final remarks. Please, Mr. Christian.

Christian Gebara : Okay. So thank you everyone for participating our call. As you could see, we have like a partial, a very strong results in all the lines. We have a very domestic and strong perspective for the year. We have many other things going on, that we described here, coming from new businesses like expansion of the current business and also our capital structure that we have new things coming up. We are here all the team at your disposal to discuss in more detail any question that you must have. And again, we have a positive perspective for the next quarters. Okay, so thank you all for participating.

Operator: Vivo’s conference call is now closed. We thank you for your participation and wish you a very good day.