Telefonica Brasil S.A. Announces The Filing Of Its Annual Report On Form 20-F For Fiscal Year 2016

SAO PAULO, Feb. 23, 2017 /PRNewswire/ -- Telefonica Brasil S.A. (NYSE: VIV; BOVESPA: VIVT3.ON and VIVT4.PN) (the "Company") hereby announces that on February 23, 2017, the Company filed its annual report on Form 20-F for the fiscal year ended December 31, 2016 (the "2016 Annual Report") with the U.S. Securities and Exchange Commission (the "SEC"). The 2016 Annual Report can be accessed by visiting either the SEC's website at www.sec.gov or the Company's website at www.telefonica.com.br/ir. In addition, shareholders may receive a hard copy of the Company's complete audited financial statements free of charge, by requesting a copy from:

David Melcon Sanchez-Friera
Investor Relations Officer
Telephone: +55 11 3430-3687
Email: ir.br@telefonica.com

TELEFONICA BRASIL S.A.
PUBLICLY-HELD COMPANY
CNPJ MF 02.558.157/0001-62 - NIRE  35.3.001.5881-4

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SOURCE Telefonica Brasil S.A.