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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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Telefônica Brasil S A : 11/28/2019 Notice to the Market - Sale of Towers

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11/28/2019 | 06:48pm EST

TELEFÔNICA BRASIL S.A.

Publicly-Held Corporation

CNPJ 02.558.157/0001-62 - NIRE 35.3.0015881-4

NOTICE TO THE MARKET

Telefônica Brasil S.A. ("Company") announces to its shareholders and to the market in general that, on November 28, 2019, it entered into an agreement to sell 1,909 towers owned by the Company to Telxius Torres Brasil Ltda., indirect subsidiary of Telefónica S.A., for the total amount of R$ 641 million ("Transaction").

The Transaction ensures the continuity of the provision of personal mobile service (SMP), as it also includes the leasing of space in these infrastructures, as well as stablishes conditions for the expansion of rented space. The conclusion and consummation of the Transaction are subject to certain suspensive conditions common to this kind of Transaction, including approval by the Administrative Council for Economic Defense - CADE.

The Transaction aims to optimize the Company's capital allocation, generating value for its shareholders.

Finally, the Company informs that the amounts involved in the Transaction were supported by independent external report prepared by specialized company.

The Company will keep its shareholders and the market informed about the Transaction.

São Paulo, November 28, 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 28 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 November 2019 23:47:07 UTC

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Financials (BRL)
Sales 2019 44 236 M
EBIT 2019 7 497 M
Net income 2019 5 185 M
Debt 2019 14 595 M
Yield 2019 5,13%
P/E ratio 2019 20,0x
P/E ratio 2020 15,6x
EV / Sales2019 2,57x
EV / Sales2020 2,40x
Capitalization 99 054 M
Chart TELEFÔNICA BRASIL S.A.
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Technical analysis trends TELEFÔNICA BRASIL S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 57,00  BRL
Last Close Price 61,28  BRL
Spread / Highest target 7,70%
Spread / Average Target -6,98%
Spread / Lowest Target -26,6%
EPS Revisions
Managers
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
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