V.tal formalizes the creation of the first Neutrality Committee in a neutral network company

This is a machine translation of V.tal's press release

São Paulo, January 17, 2023 – V.tal, an end-to-end digital infrastructure solutions company and owner of the largest neutral fiber optic network in Brazil, formalized the creation of another innovation that it is bringing to the telecommunications: its Neutrality Committee.

It is a permanent corporate governance body, which will be composed of three independent members with recognized experience in the Telecom market. The committee will have the role of advising the company's Board of Directors, acting as a guarantor so that V.tal's operations are neutral, balanced and non-discriminatory for all customers who share its infrastructure.

Since its creation, V.tal has implemented specific corporate governance practices to ensure that its shareholders who operate or participate in the telecom market do not have access to competitively sensitive information on V.tal's customers.

The Neutrality Committee will ensure that V.tal's neutrality and independence rules are observed by all areas - operational, administrative or commercial - and that its commercial practices are neutral and non-discriminatory.

V.tal's Neutrality Committee will also propose strategies and processes in matters related to neutrality, exercise an advisory role, issue opinions and recommendations and analyze specific situations required by the Board of Directors.

“Since this is a new business model, we understand that V.tal needs to have a body focused on neutrality, so that all our customers have confidence in working with our company”, explains Maria Claudia Cunha, vice president of Governance, Sustainability and Internal Audit of V.tal, adding that "the Shareholders' Agreement that created V.tal provided for the implementation of measures aimed at safeguarding commercially sensitive information and the establishment of corporate governance bodies aimed at managing the neutrality of operations” .

The nominees to form the first V.tal Neutrality Committee are:

Fabio Malina Losso : Lawyer, Bachelor of Laws from PUC/PR (1998) and Doctor of Civil Law (2008), with distinction, from USP. Since 2009, he has been a board member at the University of Chicago, where he was a visiting scholar between 2013 and 2020. He was Director of Governance, Risk and Compliance at COPEL. He is a partner at Losso Advogados and Priori Capital. He is an independent member of the Board of Directors of ELETROBRAS CHESF. He was a member, vice-president and chairman of boards of directors and member and coordinator of committees of large companies in the telecommunications, electricity, oil and gas and pharmaceutical retail sectors.

Katia Costa da Silva Pedroso: Regulation, competition, legal and business executive in regulated sectors with more than 25 years of career in companies such as TELCOnsultoria, Vivo/Telefônica, Anatel, Telebrás and Embratel. A lawyer graduated from UERJ with a postgraduate degree in Competition and Consumer Law, she had an executive career at Vivo/Telefônica for more than 14 years, acting as the Group's Regulatory Director for more than 5 years. She is currently a founding partner of TELCOnsultoria, a company specializing in regulatory, legal, competition and business consulting in the telecom sector, which provides services to associations, providers and chain agents, such as infrastructure holders / towers / airports / SVA - OTT, among others.

Ercio Zilli: Graduated in Electrical Engineering from UnB, he began his career at the National Telecommunications Department, later passing by NEC and Telebrás. He was special advisor to the Minister of Communications for the preparation of the General Telecommunications Law, implementation of Anatel and privatization of Telebrás. He served on the boards of directors of several companies in the Telebras System and on the Advisory Board of Anatel. He was director of Regulation at Telemar/Oi and co-founder of Abrafix, which represented commuted fixed service companies and coordinator of its regulatory committee. He was president of Acel – Association of cellular operators, vice president of Regulation at Vivo and, currently, he is managing partner of Teleaz Consultoria Empresarial Ltda, working in the areas of strategy and regulation in telecommunications and internet.

About V.tal

V.tal is an end-to-end digital infrastructure solutions company and owner of the largest neutral fiber optic network in Brazil, serving telecom operators, internet providers and OTTs. The company has 20 million homes available for providing FTTH (Fiber To The Home), 430 thousand kilometers of terrestrial optical fiber, connecting more than 2,380 municipalities in Brazil, and 26 thousand kilometers of submarine cables that connect Brazil to Argentina Venezuela, Colombia, Bermuda and the United States, in addition to edge data centers distributed between Brazil and Colombia. The company has an integrated portfolio of connectivity and infrastructure solutions and is controlled by BTG Pactual investment funds. Since October 2022, V.tal has been a signatory to the UN Global Compact on human rights, labor, the environment and the fight against corruption.