Press Release

Telefônica Brasil creates IoT, big data company for B2B

Bnamericas Published: Monday, November 01, 2021

Press Release

By Telefônica Brasil's investor relations


Telefônica Brasil S.A. (“Company” or “Telefônica Brasil”) (B3: VIVT3; NYSE: VIV), in compliance with and for the purposes of CVM Resolution No. 44/2021 (“RCVM 44”), hereby informs its shareholders and the market in general that, in a Meeting held on November 1st, 2021, the Company’s Board of Directors approved the signing, on the same date, of a Share Purchase and Investment Agreement (“SPIA”), through which (i) the Company sold part of its stake in the equity issued by its subsidiary Telefônica Iot, Big Data e Tecnologia do Brasil S.A. (“IoTCo Brasil”), representing 0.02% of IoTCo Brasil’s total equity, to Telefónica IoT & Big Data Tech, S.A. (“TI&BDT”), indirectly controlled by Telefónica S.A., for the total amount of R$18,992.40; and (ii) TI&BDT subscribed 499,800 common shares, nominative and with no-par value, of IotCo Brasil for a total issue price of R$94,943,015.19. These values were defined based on an appraisal report prepared by a specialized independent company (“Operation”). 

Due to the Operation, 50.01% of IoTCo Brasil’s total equity is now held by the Company and 49.99% by TI&BDT and, therefore, the relationship between the Company and TI&BDT in respect to IoTCo Brasil will be regulated by a Shareholders’ Agreement also signed on this date. Both the SPIA and the Shareholders’ Agreement have terms and conditions that are common to this type of transaction. 

As a preliminary step to the implementation of the Operation, certain assets, contracts, and employees have been transferred from the Company and its indirect subsidiary Telefônica Infraestrutura e Segurança Ltda. to IoTCo Brasil, all of which are strictly related to IoT and Big Data activities. 

The Operation will allow the Company, in partnership with TI&BDT, to develop a Brazilian company dedicated to IoT and Big Data services and solutions for B2B, aiming to strengthen its positioning with global solutions and platforms, and capture the growth opportunity of this segment. 

Additionally, the Operation ensures that the Company will remain in charge of the relationship with end customers, to the extent that it includes the signing of a commercial intermediation contract, through which the Company will act as IoTCo Brasil’s exclusive sales channel. 

The Operation is not subject to any regulatory authorization or additional approvals besides those already obtained by the Company’s governing bodies, and it does not change the capital structure of the Company, nor causes any dilution to its shareholders, generating value for them by accelerating growth and increasing its operational efficiency. 

São Paulo, November 1 st , 2021. 


CFO & Investor Relations Director Telefônica Brasil S.A. – Investor Relations  

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