# CALL INVITE # Vivo (Telefonica Brasil) CFO, Rodrigo Monari

We will be hosting a virtual meeting for NSR clients with Vivo's CFO, Rodrigo Monari, IR Director, Joao Pedro Carneiro and Senior IR Manager, Daniel Lins Mattos, on the 29th September. Format will be conducted in a small group setting, with the focus on Q&A.

When? 29th September, Tuesday, 10am ET / 3pm UK / 11am BRT .

​​​​​REGISTRATION: Please click HERE to register for the call.

Why? Mobile consolidation in Brazil is leading to improved returns and better growth. Vivo is well exposed to this. With solid growth, margins rising and declining capex intensity, cash flow is growing strongly we think. However, the stock has been under some pressure recently. This call will be therefore be a great and timely 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.​​​​​