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Telefonica Brasil posts $250 mln profit in Q2 on faster revenue growth

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SAO PAULO, July 27 (Reuters) - Telefonica Brasil on Tuesday posted a net income of 1.3 billion reais ($252 million) in the second quarter, 21% higher than a year ago on the back of faster revenue growth in its core units, the company said.

Telefonica, a subsidiary of, said its fiber optic business had grown particularly quickly in the quarter. ($1 = 5.1690 reais) (Reporting by Marcelo Rochabrun; editing by Richard Pullin)