Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Telefônica Brasil S.A.
  6. News
  7. Summary
    VIVT3   BRVIVTACNOR0

TELEFÔNICA BRASIL S.A.

(VIVT3)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Telefônica Brasil S A : Minutes of the 192nd Meeting of the Fiscal Board

02/23/2021 | 06:16pm EDT

TELEFÔNICA BRASIL S.A.

Public-held Company

CNPJ n.º 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 192nd MEETING OF THE FISCAL BOARD OF TELEFÔNICA

BRASIL S.A., HELD ON FEBRUARY 18, 2021.

1. DATE, TIME AND PLACE: February 18, 2021, at 10 a.m., exceptionally held remotely, due to the COVID-19 pandemic, pursuant to the article 17, paragraph 1 of the Internal Regulations of the Fiscal Board of Telefônica Brasil S.A. ("Company").

2. CALL NOTICE AND ATTENDANCE: The call notice was issued in accordance with the Company's Bylaws. The members of the Company's Fiscal Board ("Fiscal Board") who subscribe to these minutes attended the Meeting, therefore, having quorum. Were also present, the Director of Accounting and Renenue Projection, Mr. João Orlando Lima Carneiro; the Senior Manager and Accountant of the Company, Mr. Carlos Cesar Mazur; the Director of Investor Relations, Mr. Luis Carlos da Costa Plaster; the Manager of Investor Relations, Mr. João Pedro Xavier Esteves Soares Carneiro; the Director of Corporate Affairs, Ms. Carolina Simões Cardoso, as Secretary of the Meeting, in addition to the representative of PricewaterhouseCoopers Auditores Independentes ("PwC"), Mr. Sergio Zamora, Ms. Fernanda Xavier and Ms. Talita Ferreira.

3. AGENDA AND DELIBERATION: Having examined and debated the matters on the Agenda, the members of the Fiscal Board who attended the Meeting deliberated as described below:

(i) Financial Statements, together with the Independent Auditors' Report and the Annual Management Report related to the fiscal year ended 12.31.2020: Initially, Mr. João Orlando

Lima Carneiro gave a presentation on the Financial Statements and Mr. Luis Carlos da Costa Plaster gave a presentation on the Annual Management Report. Subsequently, the representative of PwC, Mr. Sergio Zamora, presented the work carried out by the independent auditors in the period, having submitted the final draft of the Independent Auditors' Report, without reservations, which will be signed on February 19, 2021, without changes to the final draft presented here, after the approval of the Financial Statements by the Board of Directors. The Financial Statements for the fiscal year ended December 31, 2020 were analyzed by the Fiscal Board, as well as the Independent Auditors' Report and the Annual Management Report, being provided the necessary clarifications by the Company's representatives and by the independent auditors, PwC. After analyzing the documents and information presented, the Fiscal Board members issued a favorable opinion to the documents, which will be submitted to the General Shareholders Meeting. The Fiscal Board members informed that the opinion of the Fiscal Board on the matters presented will be issued on the date of the next Board of Directors' meeting and will be filed at the Company's headquarters.

TELEFÔNICA BRASIL S.A.

Public-held Company

CNPJ n.º 02.558.157/0001-62

NIRE 35.3.0015881-4

MINUTES OF THE 192nd MEETING OF THE FISCAL BOARD OF TELEFÔNICA

BRASIL S.A., HELD ON FEBRUARY 18, 2021.

(ii) Proposal for allocation of net income of fiscal year ending December 31, 2020: Mr. João

Orlando Lima Carneiro presented the Proposal for Allocation of Net Income for the year ending December 31, 2020. The Proposal for for Allocation of Net Income for the fiscal year ending December 31, 2020 was analyzed by the Fiscal Board, being provided the necessary clarifications. After the analysis, the Fiscal Board members issued a favorable opinion to the documents, which will be submitted to the General Shareholders Meeting. The Fiscal Board members informed that the opinion of the Fiscal Board on the matters presented will be issued on the date of the next Board of Directors' meeting and will be filed at the Company's headquarters.

4. CLOSING: No further business to be discussed the meeting was closed and these minutes drawn up. São Paulo, February 18, 2021.

I hereby certify that this is a faithful copy of the minutes of the 192nd meeting of the Fiscal Board of Telefônica Brasil S.A., held on February 18, 2021, which was drawn-up in the proper book.

_______________________________

_______________________________

Gabriela Soares Pedercini

Cremênio Medola Netto

_______________________________

_______________________________

Charles Edwards Allen

Carolina Simões Cardoso

Secretary of the Meeting

APPENDIX

OPINION OF THE FISCAL COUNCIL

The members of the Fiscal Council of Telefônica Brasil S.A. ("Company" or "Telefônica Brasil"), in the exercise of their duties and legal responsibilities, as provided for in article 163 of Brazilian Corporate Law, have examined and analyzed the Company's Financial Statements, together with the Independent Auditors' Report and the Annual Management Report for the year ended December 31, 2020 ("2020 Annual Financial Statements"), as well as the Proposed Allocation of

Net Income for 2020, and, taking into account the information provided by Telefônica Brasil's Executive Board and the independent auditors, PriceWaterhouseCoopers Auditores Independentes, vote unanimously in favor of the aforesaid documents. Accordingly, they determine that the aforesaid documents be submitted to the Annual Shareholders' Meeting, under the terms of Brazilian Corporate Law.

São Paulo, February 19, 2021.

Gabriela Soares Pedercini

Cremênio Medola Netto

Charles Edwards Allen

Full member of the Fiscal

Full member of the Fiscal

Full member of the Fiscal

Council

Council

Council

Disclaimer

Telefônica Brasil SA published this content on 23 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 23:15:05 UTC.


© Publicnow 2021
All news about TELEFÔNICA BRASIL S.A.
09/16TELEFÔNICA BRASIL S A : MINUTES OF THE 198th FISCAL COUNCIL MEETING OF TELEFÔNIC..
PU
09/16TELEFÔNICA BRASIL S A : MINUTES OF THE 406TH BOARD OF DIRECTORS' MEETING OF TELE..
PU
09/16TELEFÔNICA BRASIL S A : NOTICE TO SHAREHOLDERS DECLARATION OF INTEREST ON CAPITA..
PU
08/30TELEFÔNICA BRASIL S A : Corporate Presentation | Aug-21
PU
08/18Brazil to hold 5G spectrum auction in October -minister
RE
08/03TELEFÔNICA BRASIL S A : MINUTES OF THE 403rd BOARD OF DIRECTORS' MEETING OF TELE..
PU
08/03TELEFÔNICA BRASIL S A : TELEFÔNICA BRASIL S.A (Form 6-K)
PU
07/28Telefónica Brasil Seeks Acquisitions
CI
07/27TELEFÔNICA BRASIL S A : Results Presentation 2Q21
PU
07/27TELEFÔNICA BRASIL S A : Strong customer base growth in core1 businesses, consoli..
PU
More news
Analyst Recommendations on TELEFÔNICA BRASIL S.A.
More recommendations
Financials
Sales 2021 43 766 M 8 284 M 8 284 M
Net income 2021 5 194 M 983 M 983 M
Net Debt 2021 5 756 M 1 089 M 1 089 M
P/E ratio 2021 13,5x
Yield 2021 7,59%
Capitalization 70 953 M 13 366 M 13 429 M
EV / Sales 2021 1,75x
EV / Sales 2022 1,60x
Nbr of Employees 32 759
Free-Float 55,1%
Chart TELEFÔNICA BRASIL S.A.
Duration : Period :
Telefônica Brasil S.A. Technical Analysis Chart | VIVT3 | BRVIVTACNOR0 | MarketScreener
Technical analysis trends TELEFÔNICA BRASIL S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Last Close Price 42,11 BRL
Average target price 58,76 BRL
Spread / Average Target 39,5%
EPS Revisions
Managers and Directors
Christian Mauad Gebara Chief Executive Officer & Director
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Eduardo Navarro de Carvalho Chairman
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
Sector and Competitors