Telefônica Brasil S.A. (VIV) Q1 2022 Earnings Call Transcript

For the period ending March 31, 2022

May 11, 2022 9:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good morning, ladies and gentlemen. At this time, we would like to welcome everyone to the Telefonica Brasil First Quarter of 2022 Earnings Conference Call. Today with us representing the management of Telefonica Brasil, we have Mr. Christian Gebara CEO of the company. Mr. David Melcon CFO and Investor Relations Officer, and Mr. Joao Pedro Carneiro, IR Director.

We also have a simultaneous webcast with slide presentation on the internet that can be accessed at the site www. telefonica.com. telefonica.com.br/ir. There will be a replay facility for this call on the website. After the company's remarks are over, there will be a question and answer session. At that time, further instructions will be given. [Operator Instructions]. Before proceeding, let me mention that forward-looking statements are being made under the safe harbor of the Securities Litigation Reform Act of 1996.

Forward-looking statements are based on the company's management beliefs and assumptions, and on information currently available. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties, and assumptions, because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions, and other operating factors could also affect the company's future results. It could cause results to differ materially from those expressed at a search forward looking statements.

Now, I will turn the conference over to Mr. Joao Pedro Carneiro, Investor Relations Director of Telefonica Brazil. Mr. Carneiro, please proceed.

Joao Pedro Carneiro

Good morning, everyone. And welcome to Telefonica Brazil's earning call for the first quarter of 2022. Today's call will be divided in two parts. To start our CEO Christian Gebara will briefly comment on the acquisition of Oi's mobile assets, then go over Vivo’s financial and operating highlights followed by an update about our digital ecosystems and ESG initiatives.

Afterwards, David Melcon, our CFO will go through our cost and CapEx structure, net income, free cash flow and shareholder remuneration.

Now I hand it over to Christian.

Christian Gebara

Thank you Joao. Good morning, everyone. And thank you for joining our earnings calls. Starting on slide three, we show you probably a long waited deal with Oi's mobiles asset to generate value for Vivo and reinforce our leadership in the mobile segment. We acquired 43 megahertz of spectrum on a national wide basis, 2,700 sites and 12.5 million mobile access of which 4.6 million are postpaid.