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v3.22.1

OPERATING CONTEXT (Details Narrative) - BRL (R$) R$ in Millions |  |  |  | 12 Months Ended
--- | --- | --- | --- | ---
Dec. 23, 2021 | Nov. 30, 2021 | Aug. 05, 2021 | Dec. 31, 2021
Operating Context |  |  |  |
[custom:EquityInterest] | 10000.00% |  |  |
[custom:ConsiderationTransferredAmount] | R$ 49 | R$ 53 |  |
Future interest and exchanges rates |  |  |  | R$ 892
Maturity percentage |  |  | 925.00% |
Annual fees |  |  | R$ 500 |
Reported gain |  |  | R$ 774 |
Description of transported for Free |  |  |  | 5.1% from January to December of 2021, compared to the same period of 2020, reflecting the easing of social isolation requirements. This increase has two components: consumption by the captive market 0.6% higher, and use of the network by Free Customers 10.3% higher.

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