# CALL INVITE # Brazil Virtual Tour: Call with TIM CEO, Alberto Griselli & Call with Vivo (Telefonica Brasil) CFO, Rodrigo Monari

What? We will be hosting virtual meetings for NSR clients with TIM's CEO, Alberto Griselli and IR Director Vicente Ferreira on the 9th June and with Vivo's CFO, Rodrigo Monari, IR Director, Joao Pedro Carneiro and Senior IR Manager, Daniel Lins Mattos, on the 30th June. Format will be conducted in a small group setting, with the focus on Q&A.

When? 9th June, Tuesday, 11am ET / 4pm UK / 12am BRT for the call with TIM.
30th June, Tuesday, 10am ET / 3pm UK / 11am BRT for the call with Vivo.

​​​​​REGISTRATION: Please click HERE to register for the call with TIM and HERE to register for the call with Vivo.

Why? Mobile consolidation in Brazil is leading to improved returns and better growth. TIM and Vivo are well exposed to this. With solid growth, margins rising and declining capex intensity, cash flow is growing strongly we think. This call will be a great opportunity to dive into the latest developments in the market, scope for improved cash generation and returns to shareholders. We will also discuss macro, competition as well as M&A opportunities in the fixed segment, B2B, FWA and Digital services. On the Digital services front, Vivo is also well exposed to this theme (the most exposed in the Brazilian space we think). Vivo remains of our key Top Picks.​​​​​