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Telefônica Brasil S.A. (VIV) Q2 2025 Earnings Call Transcript

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Telefônica Brasil S.A. (NYSE:VIV) Q2 2025 Earnings Conference Call July 29, 2025 9:00 AM ET

Company Participants

Christian Mauad Gebara – CEO, Member of Board of Executive Officers & Director
David Melcon Sanchez-Friera – Chief Financial & Investor Relations Officer and Member of Board of Executive Officers
Joao Pedro Soares Carneiro – Corporate Participant

Conference Call Participants

Bernardo Guttmann – XP Investimentos Corretora de Câmbio, Títulos e Valores Mobiliários S.A., Research Division
Gustavo Farias – UBS Investment Bank, Research Division
Marcelo Peev dos Santos – JPMorgan Chase & Co, Research Division
Pablo Ricalde Martinez – Itaú Corretora de Valores S.A., Research Division
Phani Kumar Varma Kanumuri – HSBC Global Investment Research
Vitor Tomita – Goldman Sachs Group, Inc., Research Division

Operator

Good morning, ladies and gentlemen. Welcome to Vivo’s Second Quarter 2025 Earnings Call. This conference is being recorded, and the replay will be available at the company’s website at ri.telefonica.com.br. The presentation will also be available for download. This call is also available in Portuguese. [Operator Instructions] [Foreign Language] [Operator Instructions]

Before proceeding, we would like to clarify that any statements that may be made during this conference call regarding the company’s business prospects, operational and financial projections and goals are the beliefs and assumptions of Vivo’s Executive Board and the current information available to the company. These statements may involve risks and uncertainties as they relate to future events and therefore depend on circumstances that may or may not occur. Investors should be aware of events related to the macroeconomic scenario, the industry and other factors that could cause results to differ materially from those expressed in the respective forward- looking statements.

Present at this conference, we have Mr. Christian Gebara, CEO of the company; Mr. David Melcon, CFO and Investor Relations Officer; and Mr. Joao Pedro Soares Carneiro, IR Director. Now I will turn the conference over

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