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Telefonica Brasil posts $240 mln profit in Q4

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SAO PAULO, Feb 23 (Reuters) - Telecoms operator Telefonica Brasil SA on Tuesday posted a net profit of 1.3 billion reais ($240 million), a modest 1.5% rise compared to a year ago, boosted by higher revenue from mobile clients.

The company's fiber optic business was a bright spot, growing 36% as the pandemic forced many Brazilians to work from home. ($1 = 5.4409 reais) (Reporting by Marcelo Rochabrun, Editing by Rosalba O'Brien)