Telefônica Brasil - Material Fact - Grupo Oi's Mobile Assets Auction Result

Telef�nica | Vivo

Telefônica Brasil S.A. ("Company"), in compliance with and for the purposes of CVM Instruction No. 358/2002, as amended ("ICVM 358"), and subsequently to the Material Facts disclosed on March 10th, 2020, July 18th, 2020, July 27th, 2020, August 7th, 2020 and September 7th, 2020, hereby informs its shareholders and the market in general that the offer presented by the Company jointly with TIM S.A. and Claro S.A. (the Company, jointly with TIM S.A. and Claro S.A., the "Purchasers") was declared the winner of the competitive process for purchase of the mobile business assets - Personal Mobile Service of the Oi Group ("UPI Mobile Assets"), in the auction held on the date hereof in the court hearing room of the 7th Corporate Court of Rio de Janeiro. The Judicial Recovery Court approved the Purchasers' offer as winner of the bid, after favorable opinion from the Public Prosecution of the State of Rio de Janeiro and the Judicial Administrator.
For more information, please access on the link below the Material Fact published by the Company.
Material Fact - Oi Auction.pdf

Best regards,

Telefônica Brasil
Investor Relations
Av. Luis Carlos Berrini, 1376 – 17th floor
Brooklin - São Paulo - SP - 04571-936
[email protected]

For more information, please contact Investor Relations +55 11 3430-3687.


Telefônica S.A.