<SEC-DOCUMENT>0001292814-20-002648.txt : 20200720
<SEC-HEADER>0001292814-20-002648.hdr.sgml : 20200720
<ACCEPTANCE-DATETIME>20200720064734
ACCESSION NUMBER:		0001292814-20-002648
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20200720
DATE AS OF CHANGE:		20200720

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:		201034983

	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>
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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT face=arial,sans-serif><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT face=arial,sans-serif><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>TELEF&#212;NICA BRASIL S.A.</FONT></B></FONT></FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Publicly-held Company</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>CNPJ 02.558.157/0001-62 &#8211; NIRE 35.3.0015881-4</FONT></FONT></P>

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<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.3pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>MATERIAL FACT</FONT></B></H1>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>Telef&#244;nica Brasil S.A. ("</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>Company</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>"), in compliance with and for the purposes of CVM Instruction No.&nbsp;358/2002, as amended (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>ICVM&nbsp;358</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>&#8221;), and subsequently to the Material Fact disclosed on March&nbsp;10<SUP>th</SUP>, 2020, hereby informs the shareholders and the market in general that, at a Meeting held on July 17<SUP>th</SUP>,2020, the Company&#8217;s Board of Directors have approved the presentation of a binding offer for the acquisition of Grupo Oi&#8217;s mobile business, jointly with TIM S.A. (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>TIM</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>&#8221;) and Claro S.A. (&#8220;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>Claro</FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>The binding offer has been submitted by the aforementioned parties for the examination of Grupo&nbsp;Oi, after the analysis of data and information made available with respect to the business to be acquired, highlighting that it is subject to certain conditions, especially with regards to their selection as &#8220;stalking horse&#8221; (&#8220;first bidder&#8221;), which shall guarantee to them the right to cover the best offer among the other offers presented in the competitive process of sale of Grupo&nbsp;Oi&#8217;s mobile business. In case of acceptance of the submitted offer and completion of the operation, each of the interested parties will receive a portion of the aforementioned business.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>This joint offer comprises the totality of the assets which compose &#8220;UPI Mobile Assets&#8221; described in Material Fact and Annexes disclosed on June 15<SUP>th</SUP>, 2020 by Oi S.A. &#8211; In Judicial Reorganization. In sum, the main assets are: authorization terms for use of radiofrequency, Personal Mobile Service (SMP) customer base, right of use of space in real estate and towers, elements of access and core mobile networks; and systems/platforms.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" color=black face=arial,sans-serif>The Company&#8217;s perspective is that the transaction, if completed, shall add value to our shareholders and clients by means of further growth, generation of operational efficiencies and service quality enhancement. Furthermore, the transaction shall contribute for the development and competitiveness of the Brazilian telecommunication industry.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>The Company shall keep its shareholders and the market in general duly informed of the progress of the process related to the offer presented, pursuant to ICVM&nbsp;358 and the applicable legislation.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>S&#227;o Paulo, </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>July 18<SUP>th</SUP>,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif> 2020.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>David Melcon Sanchez-Friera</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>CFO and Investor Relations Officer</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Telef&#244;nica Brasil &#8211; Investor Relations</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Tel: +55 11 3430-3687</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Email: <FONT style="FONT-SIZE: 10pt; COLOR: #000000">ir.br@telefonica.com</FONT></FONT></P></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT face=arial,sans-serif><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT><FONT face=arial,sans-serif><B><FONT lang=PT-BR style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>TELEF&#212;NICA BRASIL S.A.</FONT></B></FONT></FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Publicly-held Company</FONT></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>CNPJ 02.558.157/0001-62 &#8211; NIRE 35.3.0015881-4</FONT></FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" face=Calibri,sans-serif></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt; LINE-HEIGHT: 16pt" face=arial,sans-serif>Information available at: <FONT style="FONT-SIZE: 10pt; COLOR: #000000">www.telefonica.com.br/ri</FONT></FONT></P>

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

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 10pt; TEXT-INDENT: 18pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" 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 lang=EN-US style="FONT-SIZE: 12pt" 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 lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">Date:</FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman">July 19, 2020</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="10%">

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

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

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

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

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