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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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Telefonica Brasil : 07/23/2019 Telefônica Brasil & Tim Infrastructure sharing and other projects' MOU

07/23/2019 | 06:38am EST

TELEFÔNICA BRASIL S.A.

Publicly-Held Corporation

CNPJ/MF nº 02.558.157/0001-62 - NIRE 35.3.0015881-4

NOTICE TO THE MARKET

Telefônica Brasil (VIVO) & TIM Infrastructure Sharing and Other Projects' MOU

Telefônica Brasil S.A. ("Company") (B3: VIVT3 / VIVT4; NYSE: VIV), in compliance with Article 157 of Law No 6,404 and the provisions of CVM Instruction No 358, hereby informs its shareholders, the market in general and other interested parties that:

Telefônica Brasil S.A. and TIM S.A., wholly owned subsidiary of TIM Participações S.A., together so called "Companies", have signed, on this date, a memorandum of understanding ("MOU") which aims to initiate discussions regarding:

  1. 2G network sharing in a Single Grid Model;
  2. Establishment of new sharing agreement concerning 4G network infrastructure in 700MHz band. At this moment, the parties intend to limit the discussions to cities with less than 30 thousand inhabitants, which can be later expanded to larger cities;
  3. Other opportunities of network sharing in other frequencies and technologies; and
  4. Other efficiency and cost reduction opportunities regarding network operations and maintenance.

The Companies highlight the benefits that can arise from these discussions regarding the improvement in quality of service for clients of both operators, as well as the efficiency in investment allocation and operational costs. No less important, sharing initiatives are in line with the challenges of sustainability (energy conscious use), urbanism (optimization of the use of public spaces) and have been successful in several countries, including Brazil.

The parties ratify that they will preserve their commercial and client management independence, regardless of any agreement that may result from those discussions. This MOU does not create a joint venture or any commercial partnership or formal business relationship, nor does it create or imply any exclusive relationship between the parties.

The Company reiterates its commitment to keep the shareholders and the market in general duly informed, pursuant to regulations in force.

São Paulo, July 23, 2019.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Phone: +55 11 3430 3687

Email: ir.br@telefonica.com

www.telefonica.com.br/ir

Disclaimer

Telefônica Brasil SA published this content on 23 July 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2019 10:34:11 UTC


© Publicnow 2019
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Financials
Sales 2020 42 966 M 8 066 M 8 066 M
Net income 2020 4 828 M 906 M 906 M
Net Debt 2020 8 835 M 1 659 M 1 659 M
P/E ratio 2020 15,5x
Yield 2020 7,05%
Capitalization 74 455 M 13 942 M 13 978 M
EV / Sales 2020 1,94x
EV / Sales 2021 1,90x
Nbr of Employees 32 793
Free-Float 49,1%
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
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 59,00 BRL
Last Close Price 44,09 BRL
Spread / Highest target 40,6%
Spread / Average Target 33,8%
Spread / Lowest Target 27,0%
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
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