Telefonica Brasil S.A.

Telefônica Brasil S.A., operating primarily under the Vivo brand, is Brazil's largest integrated telecommunications company. It provides a full range of communications and digital services including Personal Mobile Service (SMP), Fixed Switched Telephony Service (STFC), broadband internet via Multimedia Communication Service (SCM), and Pay TV via Conditioned Access Service (SEAC). The company also operates in data center hosting and colocation, IoT, cybersecurity, IT consulting, artificial intelligence, blockchain, and Big Data analytics. It serves consumers and enterprises across all of Brazil through authorizations granted by ANATEL, the national telecommunications regulator. Telefônica Brasil is a subsidiary of Spain-based Telefónica S.A., which holds a 77.13% direct and indirect interest through Telefónica and Telefónica Latinoamérica Holding. The company's shares trade on B3 in Brazil and as ADSs on the NYSE. Recent strategic initiatives include the full acquisition and planned merger of FiBrasil, a wholesale neutral fiber optic network operator, to strengthen its fiber-to-the-home infrastructure and accelerate Brazil's digitalization. The company also operates financial services through Vivo Pay and Vivo Money subsidiaries, cloud services through CloudCo Brasil, and cybersecurity services through its TIS subsidiary (which recently merged CyberCo Brasil). It has issued sustainability-linked debentures tied to ESG performance targets. The company uses derivative financial instruments to hedge foreign currency, inflation, and copper commodity price risks, and maintains a copper hedging program covering 16 thousand tons of projected copper sales from its ongoing copper-to-fiber network migration. Updated Sep 2, 2026