| Parties:   | Vivo S.A., as authorizee, and Agência Nacional de Telecomunicações (ANATEL), as grantor.                                                                                                                                                                                                                                                                                                                                      |
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| Date:      | September 5, 2011                                                                                                                                                                                                                                                                                                                                                                                                                            |
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| Term:      | Indefinite                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Purpose:   | Authorization to provide local Commuted Fixed Telephone Service in accordance with regulations set forth by ANATEL, for the general public.  This authorization was transferred from Telefônica Brasil S.A. to Vivo S.A. pursuant to ANATEL Act No. 6,128/2011                                                                                                                                                                |
|       |                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| Area:      | Regions I and II of the General Authorization Plan, which includes the state of Rio de Janeiro, Minas Gerais, Espírito Santo, Bahia, Sergipe, Alagoas, Pernambuco, Paraíba, Rio Grande do Norte, Ceará, Piauí, Maranhão, Pará, Amapá, Amazonas, Roraima, Rio Grande do Sul, Santa Catarina,Paraná, Mato Grosso do Sul, Mato Grosso, Goiás, Tocantins, Rondônia, Acre and Federal District. |
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| Amount:    | The amount owed under the grant is R$9,000.00, which was paid at the time of execution of the Authorization Agreement.                                                                                                                                                                                                                                                                                                                       |
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| Penalties: | Breach of the Authorization Agreement and applicable regulations to Multimedia Communication Services may result in administrative proceedings by ANATEL, the application of warning sanctions, fines, temporary suspension or revocation of licenses.                                                                                                                                                                                       |