Telefônica Brasil (VIVT3) Investor presentation summary

Brazil market overview

• Brazil is the 10th largest global economy with 213 million inhabitants and high digital engagement, including 89% mobile phone ownership and significant internet usage.

• The population ranks among the highest globally for time spent online, mobile internet access, online banking, streaming, and e-commerce.

• Telecom spending is low, with only 0.7% of gross national income per capita allocated to mobile services, indicating strong monetization potential.

Strategic evolution and infrastructure

• Operations began in 1998, evolving from fixed-line telephony to a unified national brand offering mobile, fiber, pay TV, and digital services.

• Robust, integrated network infrastructure with extensive FTTH and mobile site coverage supports technological leadership.

• Ongoing expansion in fiber and 5G, with FTTH reaching 31 million homes and 5G covering 68% of the population by 2025.

Customer base and market leadership

• Customer base totals 117 million accesses, with strong growth in FTTH and postpaid segments.

• Market leader in postpaid, 5G, and FTTH for both B2C and B2B, holding significant market shares across segments.

• Convergent offers like Vivo Total drive high customer lifetime value, low churn, and increased ARPU.