Operator
Good morning, ladies and gentlemen. At this time we would like to welcome everyone to the Telefonica Brasil First Quarter 2021 Earnings Conference Call. Today with us representing the management of Telefonica Brasil we have Mr. Christian Gebara, CEO of the company; Mr. David Melcon, CFO and Investor Relations Officer; and Mr. Luis Plaster, IR Director. We also have a simultaneous webcast with the slide presentation on the internet that can be accessed on the site www.telefonica.com.br/ir. There will be a replay facility for this call on the website. [Operator Instructions] Before proceeding, let me mention that any forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of 1996.
Mobile market share reached 33.1% in March 2021, maintaining undisputed leadership in the mobile business.
Postpaid accesses grew 5.2% y-o-y and accounted for 57.7% of total mobile accesses, with a market share of 37.0% in March 2021.
Fiber-to-the-home broadband customers totaled 3,746 thousand (+41.2% y-o-y), posting accelerated additions of high-quality customers in 1Q21.
FTTH Revenues increased 61.2% versus 1Q20, reaching the record of R$1,010 million.
Net revenues resume growth (+0.2% y-o-y), underlining the successful transformation of revenue profile.
Core businesses represented 88% of total revenues with increasing relevance. Core fixed
mobile revenues are showing solid recovery (+1.1% y-o-y).
Total Costs remained flat in 1Q21, despite the accelerated inflation, as Company s efficient cost management compensated higher cost of goods and services sold.
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Mobile market share reached 33.6% in December 2020 and remains at historic highs.
Postpaid accesses grew 3.9% y-o-y and accounted for 57% of total mobile accesses, with a market share of 37.7% in December 2020 and the lowest churn in 5 years.
Fiber-to-the-home broadband customers totaled 3,378 thousand (+36% y-o-y), posting accelerated additions of high-quality customers in 4Q20.
FTTH ARPU increased 13% versus 4Q19, reaching R$91.9.
Core businesses represented 88% of total revenues with increasing relevance. FTTH
revenues continue to grow significantly (+52.9% y-o-y) while
mobile service revenues are showing solid recovery growing 2.1% y-o-y.
Operating Costs decreased
Recurring
EBITDA totaled R$4,877 million (+0.8% y-o-y) in 4Q20, with a recurring EBITDA margin of 43.6%.
Investments of R$7,789 million in 2020, focused on the expansion of the FTTH network and the capacity of the 4G and 4.5G networks.