<SEC-DOCUMENT>0001292814-15-000991.txt : 20150428
<SEC-HEADER>0001292814-15-000991.hdr.sgml : 20150428
<ACCEPTANCE-DATETIME>20150428084935
ACCESSION NUMBER:		0001292814-15-000991
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150331
FILED AS OF DATE:		20150428
DATE AS OF CHANGE:		20150428

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:		15796758

	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>vivo20150428_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>

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   <TITLE>vivo20150428_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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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 April, 2015</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: 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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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>

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

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=PT-BR color=black face=calibri,sans-serif>PUBLICLY-HELD COMPANY</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=PT-BR color=black face=calibri,sans-serif>CNPJ MF 02.558.157/0001-62 - NIRE 35.3.001.5881-4</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9.5pt" lang=PT-BR color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 9.5pt" lang=PT-BR color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>MINUTES OF THE 269<SUP>th </SUP>MEETING OF THE BOARD OF DIRECTORS</FONT></B></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>1. DATE, HOUR AND VENUE: </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>April 28, 2015, at 9 a.m., at the office of Telef&#244;nica Brasil S.A. (&#8220;</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Company</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>&#8221;), located at Av. Eng. Luiz Carlos Berrini, 1376, Brooklin, S&#227;o Paulo &#8211; SP.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>2. CHAIRMAN AND SECRETARY: </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Mr. Antonio Carlos Valente da Silva &#8211; Chairman of the Board of Directors; and Mr. Breno Rodrigo Pacheco de Oliveira &#8211; Secretary of the Board of Directors.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>3. PARTICIPANTS: </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Directors that subscribed the minutes, as prescribed by article 19, paragraph 4, of the Bylaws, with necessary quorum for holding and resolution.</FONT></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>4. DISCUSSIONS AND RESOLUTIONS: </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>The Directors approved, by unanimous decision, the following matters:</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0in"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Verify the subscription</FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif> </FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>of 121,711,240 (one hundred and twenty-one million, seven hundred and eleven thousand, two hundred and forty) common shares, nominative, no par value, issued by the Company ("</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Common Shares</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>"), at an unitary issuance price of R$38.47 (thirty-eight reais and forty-seven cents), and 236,803,588 (two hundred and thirty-six million, eight hundred and three thousand, five hundred and eighty-eight) preferred shares, nominative, no par value, issued by the Company ("</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Preferred Shares</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>") at an unitary issuance price of R$47.00 (forty-seven reais), which were issued under the Public Offering for Primary Distribution of Shares held simultaneously in Brazil, in non-organized over the counter market ("</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Brazilian Offering</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>") and abroad ("</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>International Offering</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>" and, together with the Brazilian Offering, "</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Global Offering</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>") by means of relevant registration with the </FONT><I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Comiss&#227;o de Valores Mobili&#225;rios</FONT></I><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif> ("</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>CVM</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>"), pursuant to CVM Instruction 400, of December 29, 2003, as amended ("</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>CVM Instruction 400</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>"), and with the Securities and Exchange Commission under the U.S. Securities Act of 1933, as amended.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0in"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>4.2.</FONT></B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a result of the determination referred in the previous item, approve the increase of the Company's capital stock, within the limits of its authorized capital provided for in Article 4 of the Company's Bylaws and with the exclusion of preemptive rights of the Company's current shareholders, pursuant to Article 172 of Law 6,404, of December 15, 1976, as amended (&#8220;</FONT><U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Law of Corporations</FONT></U><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>&#8221;), in the amount of R$15,812,000,038.80 (fifteen billion, eight hundred and twelve million, thirty-eight reais and eighty cents), as approved on the Meeting of the Board of Directors of April 27, 2015, the Company's capital stock now being R$53,610,109,783.83 (fifty-three billion, six hundred and ten million, one hundred and nine thousand, seven hundred and eighty-three reais and eighty-three cents), represented by 121,711,240 (one hundred and twenty-one million, seven hundred and eleven thousand, two hundred and forty) Common Shares and 236,803,588 (two hundred and thirty-six million, eight hundred and three thousand, five hundred and eighty-eight) Preferred Shares. The Common Shares, Preferred Shares and ADSs issued as a result of the capital increase will entitle their holders, from the date of disclosure of the Global Offering announcement of </FONT>


<FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>commencement, the same rights assigned respectively to the holders of common shares, preferred shares and ADSs, currently outstanding, under the Company's Bylaws and the Law of Corporations, fully participating in dividends and other distributions that may be declared from the date of publication of the Global Offering announcement of commencement.</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0.25in 0pt 0in" align=right><B><FONT><FONT face=arial,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>Minutes of the 269<SUP>th</SUP> MBD Pg. </FONT></B><FONT style="DISPLAY: none"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></B></FONT></FONT></FONT></B><B><FONT><FONT face=arial,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>1</FONT></B></FONT></FONT></B><B><FONT><FONT face=arial,sans-serif><FONT style="DISPLAY: none"><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR face=arial,sans-serif></FONT></B></FONT><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR face=arial,sans-serif>/</FONT></B></FONT></FONT></B><B><FONT><FONT face=arial,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR face=arial,sans-serif>1</FONT></B></FONT></FONT></B><B><FONT><FONT face=arial,sans-serif></FONT></FONT></B></P>

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<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>With nothing else to address, the Meeting was adjourned and this minutes was drafted by the Board&#8217;s Secretary, which was approved and signed by the attending Directors, and drafted in the book of minutes. </FONT><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face=calibri,sans-serif>S&#227;o Paulo, April 28, 2015. (a.a.) Antonio Carlos Valente da Silva &#8211; Board of Directors&#8217; Chairman; Santiago Fern&#225;ndez Valbuena &#8211; Board of Directors&#8217; Vice-Chairman; Antonio Gon&#231;alves de Oliveira; Eduardo Navarro de Carvalho; Francisco Javier de Paz Mancho; Jos&#233; Fernando de Almansa Moreno-Barreda; Luciano Carvalho Ventura; Luis Javier Bastida Ibarguen; Luiz Fernando Furlan; Narc&#237;s Serra Serra; Roberto Oliveira de Lima. </FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>Board of Directors&#8217; Secretary: Breno Rodrigo Pacheco de Oliveira.</FONT></P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-JUSTIFY: inter-ideograph; TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US color=black face=calibri,sans-serif>This counterpart is a true copy of the minutes of the 269th Board of Directors&#8217; Meeting of Telef&#244;nica Brasil S.A., held on April 28, 2015, drafted in the book of minutes.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.45pt" align=center><B><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face=calibri,sans-serif>Breno Rodrigo Pacheco de Oliveira</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.45pt" align=center><FONT style="FONT-SIZE: 11pt" lang=PT-BR color=black face=calibri,sans-serif>Board of Directors&#8217; Secretary</FONT></P></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0in 0.25in 0pt 0in" align=right><B><FONT><FONT face=arial,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>Minutes of the 269<SUP>th</SUP> MBD Pg. </FONT></B><FONT style="DISPLAY: none"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT></B></FONT></FONT></FONT></B><B><FONT><FONT face=arial,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>2</FONT></B></FONT></FONT></B><B><FONT><FONT face=arial,sans-serif><FONT style="DISPLAY: none"><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR face=arial,sans-serif></FONT></B></FONT><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR face=arial,sans-serif>/</FONT></B></FONT></FONT></B><B><FONT><FONT face=arial,sans-serif><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR face=arial,sans-serif>2</FONT></B></FONT></FONT></B></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">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">Date:</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">April 28, 2015</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>
