<SEC-DOCUMENT>0001292814-14-000566.txt : 20140313
<SEC-HEADER>0001292814-14-000566.hdr.sgml : 20140313
<ACCEPTANCE-DATETIME>20140313150711
ACCESSION NUMBER:		0001292814-14-000566
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20140331
FILED AS OF DATE:		20140313
DATE AS OF CHANGE:		20140313

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TELEFONICA BRASIL S.A.
		CENTRAL INDEX KEY:			0001066119
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14475
		FILM NUMBER:		14690749

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA ENGENHEIRO LUIS CARLOS BERRINI,
		STREET 2:		1376, CIDADE MONCOES
		CITY:			SAO PAULO-SP
		STATE:			D5
		ZIP:			04571-936
		BUSINESS PHONE:		55 11 3430-3687

	MAIL ADDRESS:	
		STREET 1:		AVENIDA ENGENHEIRO LUIS CARLOS BERRINI,
		STREET 2:		1376, CIDADE MONCOES
		CITY:			SAO PAULO-SP
		STATE:			D5
		ZIP:			04571-936

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELESP HOLDING CO
		DATE OF NAME CHANGE:	20051028

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TELESP PARTICIPACOES SA
		DATE OF NAME CHANGE:	19980716
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>vivo20140313_6k1.htm
<DESCRIPTION>MINUTES OF THE 245TH MEETING OF THE BOARD OF DIRECTORS OF TELEFONICA BRASIL S.A.
<TEXT>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">UNITED STATES<BR></FONT></B><B><FONT style="FONT-SIZE: 16pt" lang=EN-US face="Times New Roman">SECURITIES AND EXCHANGE COMMISSION<BR></FONT></B><B><FONT style="FONT-SIZE: 16pt" lang=PT-BR face="Times New Roman">Washington, D.C. 20549<BR></FONT></B><B><FONT style="FONT-SIZE: 18pt" lang=EN-US face="Times New Roman">FORM 6-K</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 14pt" lang=EN-US face="Times New Roman">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">For the month of March, 2014</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Times New Roman">Commission File Number: 001-14475</FONT></B></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 20pt" lang=EN-CA>TELEF&#212;NICA BRASIL S.A. <BR></FONT></B></FONT><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US>(Exact name of registrant as specified in its charter) </FONT></B></FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 20pt" lang=PT-BR>TELEFONICA BRAZIL S.A.</FONT></B></FONT><FONT face="Times New Roman"><FONT style="FONT-SIZE: 20pt" lang=PT-BR>&nbsp;&nbsp;<BR></FONT></FONT><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US>(Translation of registrant&#8217;s name into English)</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT face="Times New Roman"><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 12pt" lang=PT-BR>Av. Eng&#176; Lu&#237;s Carlos Berrini, 1376 -&nbsp; 28&#186; andar<BR></FONT></B></FONT></FONT><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 12pt" lang=PT-BR>S&#227;o Paulo, S.P. <BR></FONT></B></FONT><FONT face="Times New Roman"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US>Federative Republic of Brazil<BR></FONT></B></FONT><FONT face="Times New Roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US>(Address of principal executive office)</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Form 20-F</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Form 40-F</FONT></P></TD>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt" align=justify><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): </FONT></P></DIV>

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<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=Arial,sans-serif>TELEF&#212;NICA BRASIL S.A.</FONT></B></FONT></H1>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>Publicly-held Company</FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>CNPJ/MF 02.558.157/0001-62</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif> </FONT></FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>-</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif> </FONT></FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>NIRE </FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>35.3.0015881-4</FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: 0cm; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT face=arial,sans-serif><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>MINUTES OF THE 245th MEETING OF THE BOARD OF DIRECTORS OF</FONT></B></FONT><FONT face=arial,sans-serif>&nbsp;</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=arial,sans-serif><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT></B></FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>TELEF&#212;NICA BRASIL S.A.</FONT></B></FONT></FONT></B><B><FONT><FONT color=black face=arial,sans-serif>&nbsp;</FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face="Times New Roman"></FONT></B></FONT></FONT></B>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.85pt"><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.85pt"><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.85pt"><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>1. DATE, TIME and PLACE: </FONT></B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>February 25, 2014, at 10:30 a.m. (6:30 a.m. in S&#227;o Paulo), </FONT><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: both; FONT-SIZE: 11pt" lang=EN-US color=black face=arial,sans-serif>exceptionally held at </FONT><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>Torre Telef&#243;nica, Diagonal 00, Pl. Ernest Lluch, 5 &#8211; pl. 22 &#8211; Board Room, 08019, Barcelona, Spain.</FONT><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif> &nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.85pt"><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<H3 style="TEXT-ALIGN: justify; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>2. PRESIDING BOARD: </FONT></B><FONT style="FONT-SIZE: 11pt; FONT-WEIGHT: normal" lang=EN-US face=arial,sans-serif>Antonio Carlos Valente da Silva, Chairman of the Board of Directors; Breno Rodrigo Pacheco de Oliveira, Secretary of the Board of Directors.</FONT></H3>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.85pt"><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>3. ATTENDANCE:</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif> All members of the Board of Directors of Telef&#244;nica Brasil S.A., undersigned, therefore having a quorum as per the bylaws. Furthermore, the members of the Company&#8217;s Fiscal Council and independent auditors participated in the meeting by videoconference from S&#227;o Paulo, Capital.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.85pt"><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.85pt"><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>4. AGENDA AND RESOLUTIONS: </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 12pt; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>4.1 &#8211; To approve the Financial Statements, accompanied by the Independent Auditors Opinion and the Management&#8217;s Annual Report, as well as the Proposal for Allocation of Income relative to the fiscal year ended December 31, 2013.</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>The Members of the Board of Directors, after examining and discussing the matters on the agenda, unanimously and without reservation approved the Management Accounts, including the Management Report, the Financial Statements and Notes, together with the Opinion of the Independent Auditors, as well as the proposal for allocation of income for the 2013 fiscal year, to be forwarded to the General Shareholder&#8217;s Meeting.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>4.2 &#8211; Approve the Call Notice for the General and Special Shareholders&#8217; Meetings.</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>The Members of the Board of Directors, after examining and discussing the matters on the agenda, unanimously and without reservation approved the terms of the Call Notice for the General and Special Shareholders&#8217; Meetings and the Chairman of the Board is hereby authorized to adopt all necessary measures for the call to and realization of the meeting, as per legal and statutory provisions.</FONT></P>

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<H1 style="TEXT-ALIGN: center; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=Arial,sans-serif>TELEF&#212;NICA BRASIL S.A.</FONT></B></FONT></H1>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>Publicly-held Company</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>CNPJ/MF 02.558.157/0001-62</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>&nbsp; &nbsp;</FONT></FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>-</FONT><FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>&nbsp; &nbsp;</FONT></FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif>NIRE 35.3.0015881-4</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT color=black face=arial,sans-serif><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-INDENT: 0cm; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT face=arial,sans-serif><B><FONT style="LINE-HEIGHT: normal; LAYOUT-GRID-MODE: line; FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>MINUTES OF THE 245th MEETING OF THE BOARD OF DIRECTORS OF</FONT></B></FONT><FONT face=arial,sans-serif>&nbsp;</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=arial,sans-serif><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>&nbsp;&nbsp;</FONT></B></FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>TELEF&#212;NICA BRASIL S.A.</FONT></B></FONT></FONT></B><B><FONT><FONT color=black face=arial,sans-serif>&nbsp;</FONT></FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR face="Times New Roman"></FONT></B></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>Since there was no other business to be transacted, the meeting was closed and these minutes were drawn-up by the Secretary of the Board of Directors, which were approved and signed by the Directors present to the meeting, being following transcribed in the proper book. </FONT><FONT style="FONT-SIZE: 11pt" lang=PT-BR face=arial,sans-serif>Barcelona, February 25, 2014. (signatures) Board of Directors: Antonio Carlos Valente da Silva &#8211; Chairman of the Board of Directors; Santiago Fern&#225;ndez Valbuena &#8211; Vice-Chairman of the Board of Directors; Antonio Gon&#231;alves de Oliveira; Eduardo Navarro de Carvalho; Francisco Javier de Paz </FONT><FONT style="FONT-SIZE: 11pt" lang=PT-BR face=arial,sans-serif>Mancho; Jos&#233; Fernando de Almansa Moreno-Barreda; Luciano Carvalho Ventura; Luis Javier Bastida Ibarguen; Luiz Fernando Furlan; Narc&#237;s Serra Serra; Paulo Cesar Pereira Teixeira and Roberto Oliveira de Lima. </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>Fiscal Council: Fl&#225;vio Stamm; Crem&#234;nio Medola Netto and Charles Edwards Allen. Directa Auditores Independent Auditors: Cl&#243;vis Madeira and Maur&#237;cio Dom&#234;nico. Secretary of the Board of Directors: </FONT><FONT style="FONT-SIZE: 11pt" lang=PT-BR face=arial,sans-serif>Breno Rodrigo Pacheco de Oliveira.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=PT-BR face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 11pt" lang=PT-BR face=arial,sans-serif>I hereby certify that this is a faithful copy of the minutes of the 245th Meeting of the Board of Directors of Telef&#244;nica Brasil S.A., held on February 25, 2014, which was drawn-up in the proper book.</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" face=arial,sans-serif>Breno Rodrigo Pacheco de Oliveira</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 11pt" lang=EN-US face=arial,sans-serif>Secretary of the Board of Directors</FONT></P></TD></TR>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">SIGNATURE</FONT></P>

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<P style="TEXT-ALIGN: justify; TEXT-INDENT: 18pt; MARGIN: 0cm 0cm 10pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</FONT></P>

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   <P style="MARGIN: 0cm 0cm 20pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">TELEF&#212;NICA BRASIL S.A.</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">March 13, 2014</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">By:</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" face="Times New Roman">/s/ </FONT>Luis Carlos da Costa Plaster</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Name:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" vAlign=top width="37%">Luis Carlos da Costa Plaster</TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Title:</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 12pt" lang=EN-US face="Times New Roman">Investor Relations Director</FONT></P></TD></TR></TABLE></DIV>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
