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MarketScreener Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Telefônica Brasil S.A.    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
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End-of-day quote. End-of-day quote Bolsa de valores de Sao Paulo - 07/02
48.05 BRL   -0.06%
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Telefonica Brasil : 12/04/2018 Minutes of the 342nd Meeting of the Board of Directors

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12/04/2018 | 04:37pm EDT

TELEFÔNICA BRASIL S.A.

Publicly-held Company

CNPJ/MF 02.558.157/0001-62 - NIRE 35.3.0015881-4

MINUTES OF THE 342th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A. HELD ON DECEMBER 4, 2018

1. DATE, TIME AND PLACE: December 4, 2018, at 11 a.m., at Telefônica Brasil S.A. ("Company") headquarters, located at Av. Eng. Luiz Carlos Berrini, 1376, Cidade Monções, capital of the State of São Paulo.

2. CALL NOTICE AND ATTENDANCE: The call notice was issued in accordance with the Company's Bylaws. The members of the Company's Board of Directors who subscribe to these minutes attended the Meeting, representing the necessary quorum under the terms of the Bylaws. The General Secretary and Legal Officer of the Company, Mr. Breno Rodrigo Pacheco de Oliveira, also attended the Meeting.

3. PRESIDING BOARD: Eduardo Navarro de Carvalho, Chairman of the Board of Directors and Breno Rodrigo Pacheco de Oliveira, Secretary of the Board of Directors.

4. AGENDA AND DELIBERATION: After examining and debating on the matter on the Agenda, the members of the Board of Directors deliberated unanimously, as described below:

4.1. DISTRIBUTION OF INTEREST ON OWN CAPITAL OF THE COMPANY: The Board of Directors approved, by unanimous decision, the proposal of distribution of Interest on Own Capital based on the net income accounted in the balance sheet of October 31, 2018, in the gross amount of R$1,350,000,000.00 (one billion, three hundred and fifty million reais), which is equivalent to R$1,147,500,000.00 (one billion, one hundred and forty-seven million, five hundred thousand reais) net of income tax. The interest per share equals R$0.74973852939 per common share (R$ 0.63727774998 net of income tax) and R$0.82471238233 per preferred share (R$0.70100552498 net of income tax).

The Interest on Own Capital shall be credited individually to shareholders, in accordance to the shareholder registry book position by the end of December 17, 2018. After this date, the shares will be considered "ex-Interest on Own Capital".

The Interest on Own Capital will be imputed to the minimum mandatory dividend of the fiscal year 2018 ad referendum of the General Shareholders Meeting, and the payment will be carried out before the end of 2019, in a date to be defined by the Company's Board.

1

TELEFÔNICA BRASIL S.A.

Publicly-held Company

CNPJ/MF 02.558.157/0001-62 - NIRE 35.3.0015881-4

MINUTES OF THE 342th MEETING OF THE BOARD OF DIRECTORS OF

TELEFÔNICA BRASIL S.A. HELD ON DECEMBER 4, 2018

5. CLOSING: Since there was no other business to be transacted, the meeting was closed and these minutes were drawn-up by the Secretary of the Board of Directors, which were approved and signed by the Directors present to the meeting, being following transcribed in the proper book. São Paulo, December 4, 2018. (aa) Eduardo Navarro de Carvalho - Chairman of the Board of Directors. Members of the Board of Directors: Antonio Carlos Valente da Silva; Antonio Gonçalves de Oliveira; Francisco Javier de Paz Mancho; José María Del Rey Osorio; Julio Esteban Linares Lopez; Luis Miguel Gilpérez López; Luiz Fernando Furlan; Narcís Serra Serra; Roberto Oliveira de Lima and Sonia Julia Sulzbeck Villalobos. Secretary of the Meeting: Breno Rodrigo Pacheco de Oliveira.

I hereby certify that this is a faithful copy of the minutes of the 342th meeting of the Board of Directors of Telefônica Brasil S.A., held on December 4, 2018, which was drawn-up in the proper book.

Breno Rodrigo Pacheco de Oliveira

Secretary of the Board of Directors

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Disclaimer

Telefônica Brasil SA published this content on 04 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 December 2018 21:36:02 UTC

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Financials
Sales 2020 42 971 M 8 023 M 8 023 M
Net income 2020 4 763 M 889 M 889 M
Net Debt 2020 10 836 M 2 023 M 2 023 M
P/E ratio 2020 17,4x
Yield 2020 6,30%
Capitalization 81 193 M 15 258 M 15 160 M
EV / Sales 2019
EV / Sales 2020 2,14x
Nbr of Employees 32 793
Free-Float 26,3%
Chart TELEFÔNICA BRASIL S.A.
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Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Technical analysis trends TELEFÔNICA BRASIL S.A.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 12
Average target price 60,85 BRL
Last Close Price 48,05 BRL
Spread / Highest target 45,7%
Spread / Average Target 26,6%
Spread / Lowest Target 12,4%
EPS Revisions
Managers
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
Sector and Competitors