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    VIVT3   BRVIVTACNOR0

TELEFÔNICA BRASIL S.A.

(VIVT3)
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Telefônica Brasil S A : Notice to the Market - Partnership between Vivo and CDF

04/08/2021 | 06:50pm EDT

TELEFÔNICA BRASIL S.A.

Publicly-held Company

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

NOTICE TO THE MARKET

PARTNERSHIP BETWEEN VIVO AND CDF

Telefônica Brasil S.A. ("Company" or "Vivo") (B3: VIVT3 / NYSE: VIV), in the form and for the purpose of CVM Instruction 358/2002 ("ICVM 358"), communicates to its shareholders and to the market in general that it has signed a memorandum of understanding with CDF Assistência e Suporte Digital S.A. ("CDF"), for the formalization of a partnership with focus on intensifying the existing commercial relationship between the companies.

Through the partnership with CDF, a company that is a marketplace for residential and technological assistance solutions, Vivo seeks to be reference, in the Brazilian market, in offering technological support services for the connected home, expanding the existing service portfolio through the inclusion of services such as technical support and configuration of Wi-Fi and physical network and installation and configuration of smart devices, which will have strong growth due to the expected evolution of the Internet of Things (IoT).

Within the scope of the partnership, Vivo will have the right to acquire a minority stake in CDF share capital, depending on the achievement of certain goals.

Through this initiative, Vivo reinforces its position as a hub of digital services, meeting all its customers' technology needs, in addition to increasing the Company's participation in high-value businesses.

The transaction is subject to the negotiation and conclusion of the definitive documents within 120 (one hundred and twenty) days, as of the present date, as well as prior approval by the Brazilian antitrust authority.

The Company will keep its shareholders and the market in general informed about the evolution of this partnership, in compliance with the regulations in force.

São Paulo, April 08 th, 2021.

David Melcon Sanchez-Friera

CFO and Investor Relations Officer

Telefônica Brasil - Investor Relations

Tel: +55 11 3430 3687

Email: ir.br@telefonica.com

www.telefonica.com.br/ri

Disclaimer

Telefônica Brasil SA published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 22:49:05 UTC.


© Publicnow 2021
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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.
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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
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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