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“The subsidies are smaller as operators look for more creative promotions to retain customers and recover margins.”
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“This is a great move for Vivo, and the surprise is that it didn't happen earlier.”
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“We believe lower growth in the past quarter may support some margin recovery, translating into a brighter outlook for 2006 [in Brazil's mobile phone segment].”
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“This was the first year-on-year increase since last August, when operators reduced subsidies and competition weakened.”
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