TEF-BZ CEO: plans to accelerate copper and property sales in 2H26; TOTVS: Senior launches LatAm‘s first ERP integrated with ChatGPT and Claude

研报英文原文证据摘录

TEF-BZ CEO: plans to accelerate copper and property sales in 2H26; TOTVS: Senior launches LatAm‘s first ERP integrated with ChatGPT and Claude

Global Research

28 July 2026ab

TMT Daily Equities

Emerging MarketsTEF-BZ CEO: plans to accelerate copper and

property sales in 2H26; TOTVS: Senior Telecommunications

launches LatAm's first ERP integrated with Leonardo Olmos,AnalystCFA

ChatGPT and Claude leonardo.olmos@ubs.com+55-11-9658 7533

Gustavo Farias

Associate Analyst

TMT Calendar: next main events: gustavo.farias@ubs.com

+55-11-2767 6154

(July 29) TEF earnings release

(July 29) Intelbras earnings release. Q2 Preview: Rising cost pressures

weigh on the recovery path; Maintain Neutral

(July 29) Cognizant earnings release

(July 30) Grid Dynamics earnings release

(July 30) Capgemini earnings release

(July 30) Megacable earnings release

TEF-BZ plans to accelerate copper and property sales in 2H26

What happened: According to Valor, Telefônica Brasil CEO Christian Gebara said the

company will accelerate in 2H26 the sale of properties and copper cables that were

part of its fixed-line concession. Key takeaways were:

Copper sales more than doubled QoQ. The company disposed of R$202mn in

copper networks between April and June, more than double the R$90mn

recorded in the first three months of 2026. It was the largest copper sale in a

single quarter so far, and sales should speed up over the rest of 2026. Copper

has raised R$421mn since April last year.

Property sales should start from the third or fourth quarter. Last week, the

company began the process to sell 47 properties in São Paulo state, valued at

around R$600mn, with 80% of the portfolio located in the city of São Paulo.

They will be sold in parts, through direct sales or competitive processes. No