ALGAR TELECOM S.A. (Publicly-held company) CNPJ/MF: 71.208.516/0001-74 NIRE: 313.000.117-98 BYLAWS CHAPTER I CORPORATE NAME, HEAD OFFICES, BUSINESS PURPOSE AND DURATION Article 1 – ALGAR TELECOM S.A. (“Company”) is a joint-stock company registered as a publicly- held company before the Brazilian Securities Commission (“CVM”), with head offices and jurisdiction in the City of Uberlândia, State of Minas Gerais, at Rua José Alves Garcia, 415, District Brasil, postal code 38.400-668, governed by Law No. 6.404 of December 15, 1976, as amended (“Corporation Law”), by these Bylaws, and by the trade laws and uses and other applicable legal rules and provisions. Paragraph One – The Company may adopt the assumed name “ALGAR TELECOM”. Paragraph Two – The Company, by collegiate resolution of the statutory Executive Board, may open and close branches, agencies and representation offices in Brazil and abroad. Article 2 – The Company’s business purpose is the exploitation of telecommunication services and activities that are required or useful for the performance of such services, at all times in compliance with the concessions that grant said exploitation rights to it. Paragraph One – In the achievement of its purpose, the Company may incorporate third parties’ assets and rights to its equity, and: I. trade equipment and accessories relating to its activity; II. hold equity interest in the capital of other companies in the telecommunications industry, value- added services to telecommunications or information technology and communication services, with due regard for the provisions of the Brazilian telecommunications policy; III. carry out the import of goods and services required for performance of the activities included in its business purpose; IV. provide technical assistance services to telecommunications companies; V. perform activities of studies and research aiming at the development of the telecommunications market; VI. enter into agreements and conventions with other companies that exploit telecommunication services or any persons or entities aiming at the operation of the services, without prejudice to its duties and liabilities; VII. exercise other activities similar or related to its business purpose; VIII. provision of cable television and satellite subscription television services; IX. provision of cable broadcasting services, providing all services related to the area: projects, planning, facilities, management, operation, production, generation, edition, control of the entire cable television system, and community, collective, parabolic antennas, codified television, closed circuit television, providing full assistance to cable television sets or MMDS and their derivations, in accordance with the legal rules that exist now or may exist in the future; X. sale of commercial space in the provision of cable television service and in the respective programming guide;

XI. lease of the network for value-added services; XII. provision of Multimedia Communication Service (SCM); XIII. exploitation of personal mobile service, and sale and distribution of equipment, devices and accessories, at all times in compliance with the concessions that grant said exploitation rights to it; XIV. provision of telecommunications services; XV. provision of services, operation, installation, maintenance relating to telecommunication and value- added services; XVI. representation, distribution, purchase, lease, sale and marketing of equipment relating to the telecommunications industry; XVII. exploitation of telecommunication services, of Internet services provider, and of development, implementation, operation and management of content solutions and connectivity for data access, storage, presentation, movement and retrieving; XVIII. sale, licensing and assignment of use of software, relating to the telecommunications industry; XIX. help-desk and customer support services relating to telecommunication services provision; XX. technical activities relating to engineering and architecture in telecommunications service provision; XXI. activities relating to record data in connection with telecommunications service provision; XXII. intermediation and agency of services and business in general relating to telecommunication services; and XXIII. exploration, network management and granting to third parties, through franchise, licensing, sales agency, distribution or other business partnership agreements, the exploration of business concepts, trademark licensing, dealership or sales agency for products or services; XXIV. provision of any other services directly related to the foregoing. Paragraph Two – Any act entered into on behalf of the Company that exceeds the activities and liabilities set forth in this business purpose shall be null and void by operation of law. Article 3 – The Company shall maintain centers of resolution and implementation of the strategic, management, logistic, commercial, operating and technical decisions involved in the compliance with its concession agreement in the Brazilian territory. Article 4 – The Company shall operate for an indefinite term. CHAPTER II AUTHORIZED CAPITAL STOCK Article 5 – The Company is authorized to increase the capital stock up to the limit of one billion, seven hundred and twenty-one million, four hundred and twenty thousand, six hundred and four Reais and eighty-seven cents (R$1,721,420,604.87). Paragraph One – The authorized capital stock may be increased by resolution of the Shareholders’ Meeting whenever it is fully subscribed or whenever the difference between the subscribed and the authorized capital stock does not allow the capitalization established for the fiscal year. Paragraph Two – Up to the limit of authorized capital stock, the subscribed capital stock may be increased regardless of amendment to the Bylaws, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, by resolution of the Board of Directors, as proposed by the Executive Board and after consultation of the Fiscal Council, if implemented, in which case the Board of Directors shall set the issue conditions, including price, term and payment method.

Paragraph Three – At the discretion of the Board of Directors, shares, debenture stocks or subscription warrants may be issued, within the limit of authorized capital stock, without any right of first refusal or with a reduction in the term referred to in paragraph 4 of article 171 of the Corporation Law, for placement by means of sale in stock exchange or public subscription or by means of exchange with shares in public offering of control acquisition, as provided for by law or by any special tax incentive law. CHAPTER III CAPITAL STOCK AND SHARES Article 6 – The Company’s capital stock is seven hundred and twenty-one million, four hundred and twenty thousand, six hundred and four Reais and eighty-seven cents (R$721,420,604.87), fully subscribed and paid-in, divided into two hundred and sixty-seven million, four hundred and sixty-eight thousand and eight hundred (267,468,800) registered, book-entry common shares with no par value. Paragraph One – Capitalizations with reserves and profits shall be made regardless of any increase in the number of shares. Paragraph Two – The shares are indivisible in relation to the Company, and each common share entitles to one vote in resolutions of the Shareholders’ Meetings. Paragraph Three – The Company’s shares are book-entry, held in deposit accounts on behalf of their holders with financial institution authorized by the CVM, with no issue of certificates. Paragraph Four – The transfer and annotation cost, as well as the service cost relating to shares held under custody may be charged directly from the shareholder by the financial institution, as may be defined in the custody agreement. Article 7 – The Company may, by resolution of the Board of Directors, acquire its own shares to be held in treasury and subsequently disposed of or cancelled, including as part of call option or share subscription plans approved at the Shareholders’ Meeting, or cancelled up to the amount of the balance of profits and reserves, except for the legal reserve, without any decrease in the capital stock, with due regard for the applicable legal provisions and for the provisions set forth in the Shareholders’ Agreement on file at the headquarters of the Company. Article 8 – The Board of Directors may authorize the application of profits or reserves to the redemption or amortization of shares, with due regard for the provisions in article 44 of the Corporation Law. CHAPTER IV COMPANY MANAGEMENT SECTION I MANAGEMENT BODIES BOARD OF DIRECTORS AND EXECUTIVE BOARD Article 9 – The Company’s management is incumbent upon the Board of Directors and the Executive Board, which shall ensure the vision, mission and values of the Company’s and the compliance with its corporate policies and guidelines and the compliance with these Bylaws and the legal provisions applicable to the Company. Paragraph One – The investiture of the members of the Board of Directors and Executive Board shall be conditioned to previous execution of the instrument of investiture, which, once executed, shall bind the managers to comply with the provisions of these Bylaws, the provisions of the Shareholders’ Agreement on file at the headquarters of the Company and other applicable legal provisions. The members of the Board of Directors and Executive Board shall remain in their positions and in the

performance of their duties until their substitutes have been vested in position, unless otherwise resolved on by the Shareholders’ Meeting or by the Board of Directors, as the case may be. Paragraph Two – Any resignation from the position of member of the Board of Directors and Executive Board shall be made by means of written communication to the body of which the resigning party forms part, which shall be effective as from such time before the Company and, before third parties, after the filing of the resignation document with the commercial registry and publication thereof. Paragraph Three – The Board of Directors, which is the collegiate resolution body, shall carry out the Company’s senior management. Paragraph Four – The Executive Board is the Company’s executive management body, and each of its members shall act in accordance with their respective authority. Paragraph Five – Any financial or non-financial obligation undertaken on behalf of the Company that is entered into in breach of the provisions of these Bylaws shall be null and void by operation of law. Paragraph Six – The management bodies, their managers and attorneys-in-fact may solely undertake those obligations and liabilities that are expressly authorized by these Bylaws. SECTION II BOARD OF DIRECTORS DUTIES Article 10 – It is incumbent upon the Board of Directors to approve the following matters: I. to ensure compliance with the Bylaws and propose updates to the Shareholders’ Meeting; II. to call the Shareholders’ Meetings, whenever necessary or required by law; III. to elect and remove the members of the Executive Board and define their duties, with due regards for the provisions of these Bylaws, the law and the Shareholders’ Agreement on file at the headquarters of the Company; IV. to approve the policies, internal regulations or regulatory acts of the Company and its administrative structure, including, but not limited to the: (a) Code of Conduct; (b) Compensation Policy; (c) Policy of Indication of Members of the Board of Directors, its Advisory Committees and the Executive Board; (d) Strategic Risk Management Policy; (e) Policy of Transactions with Related Parties; and (f) Securities Trading Policy; V. to approve the Company’s statutory organizational structure and submit such proposal to the Shareholders’ Meeting for approval, with due regard for the legal and statutory provisions and for the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; VI. to propose the Results Allocation Policy and submit it to the Shareholders’ Meeting for approval, and to provide opinions and propose the distribution of profits to the Shareholders’ Meeting; VII. to oversee the management of the Officers, and to inspect, at any time, the Company’s books and documents and request information on any agreements entered into or about to be entered into and any other acts; VIII. to approve the long term plans and the economic-financial decisions not established in or exceeding the annual budget and their reviews from time to time, especially investments and divestments, purchase and sale of fixed assets and entry in new business areas, subject to the Shareholders’ Agreement on file at the headquarters of the Company; IX. to set and monitor the general guidance of the business of the Company and its controlled companies; X. to analyze the general performance of the Company and of its controlled companies, following any

macro deviations from the plans and determining corrective measures; XI. to provide opinions on and submit to the Shareholders’ Meeting for approval the management report and the accounts submitted by the Executive Board, and the Company’s annual and interim financial statements; XII. to resolve on: (a) the issue of shares by the Company within the limit of authorized capital and to propose the issue of shares in excess of the limit of authorized capital or of other securities convertible into shares; and (b) the issue by the Company of other securities and/or debt notes for public distribution, including but not limited to the issue of promissory note for public offering of distribution; XIII. to ratify the general audit plans of the independent auditors and of the internal audit; XIV. to approve, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, changes, rectification or enhancement of accounting policies or practices; XV. to approve the equity interest, or any increase in the equity interest of the Company in the capital of companies not controlled by the Company, and the disposal of any equity interest, wholly or in part; XVI. to approve the execution or termination, by the Company and/or its controlled companies, of concession agreements relating to their business purposes, and the approval of amendments to any such agreements, whenever any such amendments concern: (a) changes in the economic and financial balance of said agreements; (b) creation or modification of investment obligations; (c) provision of guarantees; and/or (d) change in the term of said agreements; XVII. to approve the: (a) undertaking; (b) granting of loans; (c) financings; (d) provision of guarantees of any kind whatsoever; and/or (e) approval of any act implying any obligations and liabilities to the Company or any subsidiaries of or companies controlled by the Company in any amounts in excess of two hundred and ten million Reais (R$210,000,000.00); XVIII. to approve the execution of any agreements in amounts in excess of fifty million Reais (R$50,000,000.00) or one percent (1%) of the Company’s total assets between the Company or its controlled companies and any of their shareholders or controlling shareholders of their shareholders or companies that are controlled by or associated companies of the Company’s shareholders or their controlling shareholders, provided that any member of the Board of Directors may previously and timely request the preparation of an independent valuation by a specialized company, which shall revise the terms and conditions of the proposed contracting and its adequacy to the market conditions and practices (arms’ length); XIX. to approve the purchase of shares issued by the Company for purposes of cancellation or maintenance in treasury, as well as the resale or replacement thereof in the market, if provided for in the Company’s annual budget, with due regard for the rules issued by the CVM and any other applicable legal provisions; XX. to approve the guidelines and strategies of the Company and of its controlled companies; XXI. to approve the brand architecture, ensure compliance with the desired characteristics, and oversee the actions for strengthening the institutional image; XXII. to perform any other activities determined by the Shareholders’ Meetings, by Law, by the Bylaws, by the Shareholders’ Agreement and by any corporate regulations, guidelines, rules and policies; XXIII. to approve the annual budget and any new business plan of the Company and of its subsidiaries, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, and/or (b) any changes in the existing annual budget and/or business plan of the Company and of its subsidiaries; XXIV. to approve the incurrence in any new indebtedness by the Company or by any of its

subsidiaries, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, in one or more series of related transactions occurred within any period of twelve (12) months, which causes the consolidated indebtedness of the Company to exceed by three (3) times its net debt to EBITDA ratio (if such indebtedness had occurred); XXV. to approve any acquisition, investment and/or divestment by the Company and by its subsidiaries, in a single transaction or in a series of transactions occurred within any period of twelve (12) months, in accordance with the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; XXVI. to approve the provision of any security interest or personal guarantee by the Company or by any subsidiary to any third-party debt, in accordance with the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; XXVII. to approve the transfer, licensing or creation of any lien on any relevant intellectual property, in accordance with the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; XXVIII. to approve any changes to the compensation policy with respect to certain positions, in accordance with the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, and the definition of the compensation for such positions, as well as the creation of or amendment to any stock option or similar plans establishing incentives and awards to such positions; XXIX. to approve any amendments to the Bylaws of any subsidiary of the Company which involve (a) a conflict with the provisions of the Shareholders’ Agreement on file at the headquarters of the Company or (b) relevant changes in the business purpose of such subsidiaries; XXX. to approve any capital increase of any subsidiary of the Company by a third party and the issuance to third parties of shares/equity interests or other securities convertible into shares/equity interests in any subsidiary, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; XXXI. to approve any capital reduction of any subsidiary of the Company, as well as any and all types of acquisition or trading by any subsidiary of its own shares/equity interests, including, among others, redemption, repurchase and cancelation of its own shares/equity interests when such event involves third parties, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; XXXII. to approve the liquidation or dissolution of any subsidiary of the Company, as well as any request for court-supervised or out-of-court reorganization, bankruptcy or insolvency of any subsidiary; XXXIII. to approve (a) any change in type of organization of any subsidiary of the Company, as well as (b) any merger, merger of shares, spin-off, drop-down or other corporate restructuring of any subsidiary of the Company, when any of the events listed in this clause (b) involves a third party, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; XXXIV. to approve the execution of any new contract or agreement by the Company or by any of its subsidiaries with related parties or the amendment to any such contract or agreement, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; and XXXV. to approve any material change in the business of any subsidiary of the Company (except as required by law) or the start or discontinuation of any line of business by any such subsidiary (provided that, in the event of start of a new line of business, such new line of business is materially different from its original business), subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company. Paragraph One – Resolutions involving Algar TI Consultoria S.A. and any of its subsidiaries/controlled companies shall not be subject to any special quorums set forth in the

Shareholders’ Agreement of the Company. Paragraph Two – The amounts defined in items XVII and XVIII above shall be restated on a yearly basis by the Extended National Consumer Price Index (IPCA) or any equivalent index that may replace it. SECTION III BOARD OF DIRECTORS COMPOSITION AND DUTIES Article 11 – The Board of Directors shall be composed of a minimum of five (5) and a maximum of eight (8) permanent members, with no alternate members, all of them elected and removed by the Shareholders’ Meeting, in accordance with the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, for an unified term of office of two (2) years, reelection permitted. Paragraph One – At the Shareholders’ Meeting, the shareholders shall resolve on the actual number of members of the Board of Directors to be elected at such Meeting, with due regard for the provisions of the Internal Regulations of the Company’s Board of Directors. Paragraph Two – The Shareholders’ Meeting shall designate the Chairman from among the elected members and the Vice Chairman from among the other members. Paragraph Three – Out of the members of the Board of Directors, at least two (2) or twenty percent (20%), whichever is greater, shall be Independent Directors, with due regard for the definition of the Brazilian Institute of Corporate Governance (IBGC) Code of Corporate Governance Best Practices – 5th Edition, and the qualification of those indicated to the Board of Directors as Independent Directors shall be resolved on at the Shareholders’ Meeting that elects them Paragraph Four – Whenever the compliance with the percentage referred to in the preceding paragraph results in a fractioned number of directors, it shall be rounded up to: (i) the immediately superior whole number, when such fraction is equal to or greater than 0.5; or (ii) the immediately inferior whole number, when such fraction is less than 0.5. Paragraph Five – Any member of the Board of Directors shall have a trustworthy reputation, and shall not be elected, unless released by the Shareholders’ Meeting, if he or she: (i) holds positions in any companies that may be deemed competitors of the Company and/or subsidiaries/controlled companies of the Company; or (ii) has or represents any conflicting interest with the Company’s interests. The voting right shall not be exercised by member of the Board of Directors upon the supervening characterization of the impediment factors indicated in this paragraph. Paragraph Six – The exercise of the voting right in the election of the members of the Board of Directors under any circumstances that characterize any conflict of interest with the Company is forbidden, as provided for by article 115, paragraph 1 of the Corporation Law. Paragraph Seven – No member of the Board of Directors shall have access to information or attend meetings of the Board of Directors related to matters on which said member has or represents any interest that conflicts with the Company’s interests. Paragraph Eight – The positions of Chairman of the Board of Directors and Chief Executive Officer or principal executive of the Company shall not be accumulated by the same person, except in case of vacancy. Paragraph Nine – In case of absence or temporary impediment of the Chairman of the Board of Directors, his or her duties shall be carried out on an interim basis by the Vice Chairman of the Board of Directors. In case of absence or temporary impediment of both of them, the Chairman of the Board of Directors shall appoint, among the other permanent members, someone to carry out their duties on an interim basis or, if no such indication can be made by the Chairman of the Board of Directors, the position of Chairman of the Board of Directors shall be assumed by a director indicated by a majority of the other members of the Board of Directors.

Paragraph Ten – In case of permanent impediment or vacancy of the position of member of the Board of Directors, the Board of Directors shall call the Shareholders’ Meeting to fulfill the respective position. Article 12 – The Board of Directors shall ordinarily meet as previously defined in the annual schedule approved by the Board of Directors, at least on a quarterly basis, regardless of any call notice formalities, preferably at the Company’s facilities, and on a special basis whenever required by the Company’s interest Paragraph One – Upon approval by the Board of Directors, the annual schedule shall be sent to all the members of the Board of Directors, including those not present at the respective meeting. Notwithstanding the waiver of call for ordinary meetings of the Board of Directors, the Chairman of the Board of Directors shall, at least five (5) business days in advance, submit to all Directors a presentation containing the agenda of matters to be discussed, as well as any relevant documents. Paragraph Two – The meetings of the Board of Directors shall be called by the Chairman of the Board of Directors or, in his absence, by the Vice Chairman, unless otherwise provided for in the Shareholders’ Agreement of the Company. Paragraph Three – Notice of any special meeting of the Board of Directors not provided for in the annual schedule, in accordance with the main provision of this article, shall be given at least three (3) business days in advance and shall contain (i) the matters to be discussed, (ii) the date, time and place of the meeting and (iii) any relevant documents for the meeting. Paragraph Four – Meetings of Board of Directors shall be held on business days and during normal business hours only, unless otherwise resolved by all the Directors. The members of the Board of Directors may be represented by another member by granting a proxy with special powers, as well as participate in meetings by conference call or videoconference, being established that any Directors participating in the meeting shall be deemed present. The Directors that participate in the meetings by any of those means shall send their respective votes by email to the Chairman of the Board of Directors and to the secretary of the meeting immediately after the closing of such meeting. Paragraph Five – Meetings of the Board of Directors shall be declared open with the attendance of the majority of the Company’s members in office, one of whom must be necessarily the Chairman or his formal replacement, unless otherwise provided for in the Shareholders’ Agreement on file at the headquarters of the Company. Paragraph Six – Each member of the Board of Directors in office shall be entitled to one (1) vote at meetings of the Board of Directors, and, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, resolutions shall be passed by the favorable vote of a majority of the members present (provided that certain resolutions may be subject to a special quorum under the Shareholders’ Agreement on file at the headquarters of the Company), it being understood that the Chairman (or, in his absence, the Vice Chairman) shall have, in addition to his regular vote, the casting vote in the event of a tie (subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company), and minutes shall be drawn up and recorded on the Register of Minutes of Meetings of the Board of Directors, and whenever they contain any resolutions intended to generate effects to third parties, their summaries shall be filed with the commercial registry and published Paragraph Seven – Meetings of the Board of Directors shall be presided over by the Chairman of the Board of Directors or, in his or her absence, by the Vice Chairman of the Board of Directors. The secretary of the meeting shall be appointed by the chairman of the respective meeting. Paragraph Eight – The Board of Directors, for better performance of its duties, and subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company, may create advisory committees or workgroups with defined purposes, to be composed of persons designated by it in accordance with the provisions of the Shareholders’ Agreement on file at the headquarters of the Company. The coordinator of the committee or workgroup shall be a member of the Board of

Directors. The committees shall have their own internal regulations approved by the Board of Directors, providing for their duties in details, as well as their operating procedures. Paragraph Nine – When all the members of the Board of Directors are present at a meeting, they may, if they so wish, waive prior notice thereof, as well as add other matters to the proposed agenda. SECTION IV EXECUTIVE BOARD COMPOSITION AND DUTIES Article 13 – The Executive Board, with a term of office of three (3) years, reelection permitted, shall be composed of a minimum of five (5) and a maximum of ten (10) Officers, being: (a) one (1) Chief Executive Officer; (b) one (1) Executive Business Vice-President; (c) one (1) Chief Financial Officer; (d) one (1) Chief Investor Relations Officer; (e) one (1) Chief Wholesale Business Officer; and (f) up to five (5) Chief Operating Officers, as established by the Board of Directors and in the Shareholders’ Agreement on file at the headquarters of the Company, who shall remain in their respective positions until the investiture of their successors; however, they may be elected or removed by the Board of Directors at any time, subject to the provisions of such Shareholders’ Agreement. Article 14 – The Officers shall have broad powers to administer and manage the Company’s business, in accordance with their duties and subject to compliance with the requirements established by law and by these Bylaws. Paragraph One – In the absence or temporary impediment of the Chief Executive Officer, his or her duties shall be performed on a temporary and cumulative basis by the Executive Business Vice- President or, in case of his or her temporary impediment, the Chief Executive Officer shall appoint another substitute among the members of the Executive Board. In the absence or temporary impediment of any other Officer, his or her duties may be performed on a temporary and cumulative basis by the Chief Executive Officer or by any other officer chosen by the Chief Executive Officer. Paragraph Two – In case of permanent impediment or vacancy of any position in the Executive Board, the Board of Directors shall fulfill the vacant position at the first meeting subsequently held. In case of vacancy of the position of Chief Executive Officer, the Board of Directors shall necessarily meet within fifteen (15) days as from such event to choose the substitute. For purposes of this article, the position of any Officer shall be deemed vacant in case of removal, resignation, death, proven disability, impediment or unjustified absence for more than thirty (30) consecutive days. Article 15 – The Executive Board shall operate as a collegiate board and meet at least once (1) a month or whenever called by the Chief Executive Officer or any of the Statutory Officers. Minutes of the meetings shall be drawn up on the Register of Minutes of Meetings of the Executive Board. Sole Paragraph – The attendance of a majority of the Statutory Officers shall constitute quorum for holding and resolution at the meetings. Each Officer shall be entitled to one vote at meetings of the Executive Board, it being understood that the Chief Executive Officer (or, in his absence, the Executive Business Vice-President) shall have, in addition to his regular vote, the casting vote in the event of a tie. SECTION V DUTIES Article 16 – It is incumbent upon the statutory Executive Board: I – to represent the Company in court or out of Court, in all acts required for the conduct of the business purpose, and before the shareholders, the public in general, private companies and the Public Administration and in the relationship with any entities; II. to approve the establishment of Company’s representation anywhere in the Brazilian territory or

abroad; III. to prepare the Financial Statements and the Management Report, and to submit them to the Fiscal Council, when implemented, to the independent auditors and to the Board of Directors which, in turn, shall submit said documents to the Shareholders’ Meeting for approval; IV. to specific establish goals, policies and guidelines of the operating management; V. to implement the strategic guidelines and the general direction of the business established by the Board of Directors; VI. to approve the career plan, the staff, the compensation table and the personnel regulations of the Company, with due regard for the Compensation Policy; VII. to resolve on any matters deemed by the Chief Executive Officer or by any other Officers as the collegiate duty of the Executive Board or attributed to it by the Board of Directors, by law, by the Bylaws or by the Shareholders’ Meeting; VIII. to comply with the business purpose and activities, in compliance with the limits and liabilities established in these Bylaws; IX. to perform any other activities determined by the Shareholders’ Meetings, by law, by the Bylaws, and by any corporate regulations, guidelines, rules and policies; and X. to approve any and all acts, agreements and documents in any amounts up to two hundred and ten million Reais (R$210,000,000.00), unless otherwise provided for in these Bylaws (including in article 10) and/or in the Shareholders’ Agreement on file at the headquarters of the Company, and subject further to the provisions in article 17 of these Bylaws. SECTION VI EXECUTIVE BOARD PREROGATIVES AND LIABILITIES Article 17 – Any acts, agreements and documents implying any liabilities to the Company shall be signed at all times in compliance with the following approval levels: Approval Level Limits per Transaction I. two (2) Statutory Officers; or one (1) Officer Up to R$15,000,000.00 and one (1) Attorney-In-Fact with specific powers; or two (2) Attorneys-In-Fact with specific powers. II. Two (2) Statutory Officers, after previous From R$15,000,000.01 approval at a Meeting of the Company’s to R$210,000,000.00 Executive Board or by the Board of Directors, attended by a majority of its members. III. Two (2) Statutory Officers, after previous As from R$210,000,000.01 approval by the Board of Directors attended by a majority of its members. Paragraph One – In case of absence of two (2) statutory Officers or impossibility of execution of the acts set forth in the main provision of this article, said acts may be executed by one (1) statutory Officer jointly with one (1) attorney-in-fact who is not subordinated to him or her and who shall be vested in special powers, except for operation of bank accounts, which may be signed by two (2) attorneys-in- fact with specific powers. Paragraph Two – Powers of attorney granted on behalf of the Company shall be signed at all times by

two (2) statutory Officers, one of whom shall mandatorily be the Chief Executive Officer or the person substituting him or her, and shall specify the powers granted and its duration which, in case of powers of attorney for judicial purposes and for administrative proceedings, may be granted for an indefinite term. Paragraph Three – The Company may be represented by only one (1) statutory Officer or one (1) attorney-in-fact with special powers in the following events: I. performance of simple administrative routines before government bodies, foundations, government- controlled private companies, concessionaires and licensees of public utility, customs, agencies, associations, workers’ unions, federations, branches, fire department, commercial registries, professional bodies, ministries, para-government entities, institutions, government-owned companies, notary offices, registries, offices, the Brazilian Federal Revenue Office, State Finance Departments, Municipal Finance Departments, police stations, bodies of the Executive, Legislative and Judiciary Branches, the National Social Security Institute – INSS, the Unemployment Compensation Fund – FGTS and their collecting banks, and entities of the same nature; II. signature of contractual instruments in solemnities and/or circumstances where the attendance of the second representative is not possible; III. signature of correspondence and/or representations that do not create any obligations and/or liabilities to the Company; IV. court testimonies or Company’s representation in court; V. receipt of judicial or extrajudicial summons or service of process; VI. participation in bidding processes; VII. annotations on Worker’s and Social Security Cards; VIII. sales of products and services and engagement of suppliers where the model agreements are previously approved as established in the main provision of this article; and IX. any acts supported by power of attorney with specific powers for individual representation, which means powers specifying a given act and transaction for which representation is intended to be created. Paragraph Four – Except where the public form is mandatorily of the essence of the act, the attorneys-in-fact shall be appointed by means of a private instrument of power of attorney, which shall specify the powers granted and have a term of effectiveness, in case of private instrument of powers of attorney “ad negotia”, until December 31 of the year in which such power of attorney is granted, and in case it is granted as from December 1, it shall be effective until December 31 of the subsequent year. The public instruments of powers of attorney “ad negotia” may have a term of effectiveness of up to three (3) years as from issue thereof. Powers of attorney granted for representation in legal and administrative proceedings may be in effect for an indefinite term. Paragraph Five – The acts of any statutory Officer, attorneys-in-fact or employees involving the Company in any obligations, business, engagements or transactions not related to the business purpose, including but not limited to guarantees, liens, aval guarantees, endorsements or any guarantees in favor of third parties, are expressly forbidden and shall be null and void and ineffectiveness in relation to the Company, unless any such acts are for benefit of the Algar economic group, subject to the provisions of these Bylaws and of the Shareholders’ Agreement on file at the headquarters of the Company. Paragraph Six – The Company’s Executive Board is expressly forbidden from entering into any types of acts, agreements or documents for speculative purposes, as well as financial derivative instruments, whether speculative or not, regardless of the model, format and/or nomenclature, without prior and express approval of the Board of Directors. For the sake of example, derivatives mean any agreements providing for future payments based on the behavior of the prices of a given market asset, i.e., an agreement the amount of which derives from another asset.

SECTION VII EXECUTIVE BOARD SPECIFIC DUTIES Article 18 – The following are specific duties of the positions of the statutory Executive Board: I. Chief Executive Officer: (a) to represent the Company in court or out of court, before the shareholders and the public in general, with powers under this Bylaws to appoint attorneys-in-fact jointly with another statutory Officer; (b) to call and preside over meetings of the Executive Board; (c) to oversee the activities of the Company’s executive management, coordinating and supervising the activities of the members of the Executive Board; (d) to prepare and submit to the Board of Directors the Company’s annual business plan and annual budget and their reviews from time to time, undertaking liability for compliance therewith; (e) to ensure to the Company the performance of activities intended for the creation and disclosure of the strategic planning actions that may ensure the continuation thereof by means of differentiation and identification of opportunities to be exploited; (f) to ensure proper regulatory governance, specific for the telecommunications industry, aiming at discharge of and compliance with the obligations of the authorizations and concessions under the Company’s control; (g) to carry out the guidelines and oversee all activities of the Company, foresee the dimension of and properly manage the general business risks, define the operating strategies, ensure the Company’s sustainable development and the brand and the institutional image consolidation; (h) to take care of the Company’s image and of the Company’s human capital; and (i) to perform any other activities determined by the Shareholders’ Meetings, the Board of Directors, the law, the Bylaws, the Executive Board, the corporate regulations, guidelines, rules and policies. II. Executive Business Vice-President: (a) to represent the Company in court or out of court, before the shareholders and the general public; (b) to direct the activities of the Commercial, Marketing, Operation and Technology, Project Governance, Purchasing and Logistics, Business with Operators and Legal areas, in a functional and indirect manner, except for operating issues; (c) to co-manage the process of construction of the Company’s strategic architecture, including the strategic diagnosis, core competences, strategic objectives, short term and long term goals; (d) to carry out the strategic management by means of the performance indicators and the definition of long term goals, overseeing the functional objectives of the different related executive offices and the action plans; (e) to take care of the Company’s image and of the Company’s human capital; and (f) to perform any other activities determined by the Shareholders’ Meetings, the Board of Directors, the law, the Bylaws, the Executive Board, the corporate regulations, guidelines, rules and policies. III. Chief Financial Officer: (a) to represent the Company in court or out of court, before the shareholders and the general public; (b) to direct and coordinate the financial planning, invoicing, credit and collection, controllership,

financial assets control, finance, and treasury areas, overseeing the performance and results of these areas in accordance with the established goals; (c) to manage the Company’s general risks, specifically in relation to credit and default, foreign exchange, interest and indebtedness levels, and all its financial positions; (d) to conduct studies and recommend alternatives for maintenance of the Company’s economic- financial balance; (e) to prepare the Company’s interim financial statements and information to ensure the quality of the economic-financial information regarding reliability, transparency, consistency and terms; (f) to manage compliance with the financial commitments as regards any legal, administrative, tax and contractual requirements of the transactions, interacting with the Company’s bodies and with the parties involved, including by managing and optimizing the invested financial funds; (g) to take liability for the Company’s accounting for compliance with the applicable legal and regulatory determinations; (h) to maintain relationship, contacts and represent the Company before financial institutions and suppliers in any matters concerning this Executive Office; (i) to take care of the Company’s image and of the Company’s human capital; and (j) to perform any other activities determined by the Shareholders’ Meetings, the Board of Directors, the law, the Bylaws, the Executive Board, the corporate regulations, guidelines, rules and policies. IV. Chief Investor Relations Officer: (a) to represent the Company in court or out of court, before the shareholders, the Brazilian Securities Commission and the general public; (b) to manage and administer the investor relations area, establishing specific policies for the area; (c) to provide information to the investor public, the Brazilian Securities Commission and the Stock Exchanges and organized over-the-counter markets in which the Company is registered and keeping the updated registration as publicly-held company of the Company, complying with all law and regulations applicable to the publicly-held companies; (d) to take care of the Company’s image and of the Company’s human capital; and (e) to perform any other activities determined by the Shareholders’ Meetings, the Board of Directors, the law, the Bylaws, the Executive Board, the corporate regulations, guidelines, rules and policies. V. Chief Wholesale Business Officer: (a) to represent the Company in all acts related to the service, sale and delivery of the products concerning the Reference Offerings of the Products in the Wholesale Market, in accordance with the General Competition Goals Plan – PGMC, approved by Resolution No. 600 of November 8, 2012 of the Brazilian Telecommunications Agency, as amended; (b) to take care of the Company’s image and of the Company’s human capital; and (c) to perform any other activities determined by the Shareholders’ Meetings, the Board of Directors, the law, the Bylaws, the Executive Board, the corporate regulations, guidelines, rules and policies. VI. Chief Operating Officers: (a) to represent the Company in court or out of court, before the shareholders and the general public; (b) to promote the development of the Company’s activities, with due regard for its business purpose; (c) to coordinate the activities of the Company and its controlled companies;

(d) to carry out the budgetary management of the Company’s areas under his or her liability, including management and cost control; (e) to coordinate the performance of his or her area and specific liabilities with those of the other officers; (f) to take care of the Company’s image and of the Company’s human capital; and (g) to perform any other activities determined by the Shareholders’ Meetings, the Board of Directors, the law, the Bylaws, the Executive Board, the corporate regulations, guidelines, rules and policies. CHAPTER V SHAREHOLDERS’ MEETINGS Article 19 – The Shareholders’ Meeting is the Company’s senior body, with powers to resolve, with due regard for the limits provided for by law, these Bylaws and the Shareholders’ Agreement on file at the headquarters of the Company, on all business relating to the business purpose and to take any measures deemed to be convenient for the Company’s protection and development, including the following matters: I. any amendments to the Bylaws of the Company which involve (a) a conflict with the provisions of the Shareholders’ Agreement, (b) relevant changes in the business purpose of the Company or (c) a change in the location of the headquarters of the Company; II. a capital increase or advance for future capital increase (AFAC) of the Company and/or issuance of shares or other securities convertible into shares in the Company; III. any change in the features, privileges or benefits provided by outstanding shares, as well as the creation of any new type or class of shares in the Company, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; IV. a capital reduction of the Company, as well as any and all forms of acquisition or trading by the Company of its own shares, including, without limitation, redemption, repurchase and cancelation of its shares, unless established in the annual budget of the Company; V. the liquidation or dissolution of the Company, as well as any request for court-supervised or out-of- court reorganization, bankruptcy or insolvency of the Company; VI. (a) any change in type of organization of the Company, as well as (b) any merger, merger of shares, spin-off, drop-down or other corporate restructuring of the Company which involves a third party, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; VII. any declaration of dividends, interest on equity or other distributions by the Company in variation of the Bylaws and/or of the dividend policy of the Company, as well as any amendment to the dividend policy of the Company, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; VIII. any change in the number of members of the Board of Directors, changes in the operating rules of the Board of Directors that violate or conflict in any manner with the terms and conditions of the Shareholders’ Agreement and changes in the internal rules of the Board of Directors as stated in such Shareholders’ Agreement; IX. the initial public offering (in Brazil or abroad) by the Company or its subsidiaries, subject to the provisions of the Shareholders’ Agreement on file at the headquarters of the Company; X. any changes to the accounting practices of the Company and of its subsidiaries, unless such material changes are required by law; XI. any relevant change in the business of the Company (except as required by law) or the start or discontinuation of any line of business by the Company (provided that, in the event of start of a new

line of business, such new line of business is materially different from its original business); XII. the appointment, removal or replacement of the independent auditors of the Company and of its subsidiaries, other than Ernst & Young, Deloitte Touche Tohmatsu, KPMG and PriceWaterhouseCoopers (or their respective successors); and/or XIII. any cancelation of the registration of the Company as a publicly-held company or any request for change in the trading segment on which the shares issued by the Company are listed. Sole Paragraph – Resolutions involving Algar TI Consultoria S.A. and any of its subsidiaries/controlled companies shall not be subject to any special quorums set forth in the Shareholders’ Agreement of the Company. Article 20 – The Shareholders’ Meeting shall be ordinarily held by April 30 of each year, for the purposes provided for by law, to resolve on the matters under its liability, as provided for by article 132 da Corporation Law, and on a special basis whenever so required by the Company’s interests, with due regard for the legal and statutory provisions and for the provisions of the Shareholders’ Agreement on file at the headquarters of the Company. Article 21 – The Shareholders’ Meetings shall be called in accordance with the law. Paragraph One – The first call of the Shareholders’ Meeting shall be made at least fifteen (15) days in advance, and the term shall be counted as from publication of the first announcement. If the Shareholders’ Meeting is not held, a new announcement shall be published in second call, at least eight (8) days in advance. Paragraph Two – At the Shareholders’ Meetings, the shareholders shall submit their identity card and evidence issued by the depositary institution, and may be represented at the Meetings by attorneys-in- fact appointed as provided for by the Corporation Law, in which case the instrument of power of attorney shall be filed at the Company’s head offices at least three (3) days in advance. Paragraph Three – Without prejudice to the provisions above, any shareholder attending the Shareholders’ Meeting with the documents referred to in paragraph 2 above, until the time when the Shareholders’ Meeting is declared open, may participate and vote, even if such shareholder has failed to previously submit them. Article 22 – Annual and Special Shareholders’ Meetings are declared open and presided over by the Chairman of the Board of Directors or, in his or her absence, by the Vice Chairman, or, in the absence of the latter, by any person appointed by shareholders present that hold the majority of the voting capital stock of the Company present at the Shareholders’ Meeting. The Chairman of the Meeting shall appoint the secretary, who may or may not be a shareholder of the Company. Paragraph One – Shareholders’ Meeting shall be declared open according to the quorums set forth in the Corporation Law. Paragraph Two – Each common share shall be entitled to one (1) vote at the Shareholders’ Meetings of the Company. The resolutions of the Shareholders’ Meetings shall be passed by the favorable vote of shareholders present representing the majority of the voting capital of the Company, unless a greater quorum is required under the Corporation Law or the Shareholders’ Agreement on file at the headquarters of the Company. CHAPTER VI FISCAL COUNCIL Article 23 – The Fiscal Council, of a non-permanent nature, shall operate exclusively in those cases where its implementation is requested by shareholders, in the events provided for by law, or by resolution of the Company’s Shareholders’ Meeting, and shall have the duties and powers attributed to it by law, with due regard for the provisions of the Internal Regulations of the Company’s Fiscal

Council. Article 24 – The Fiscal Council, when implemented, shall be composed of a minimum of three (3) and a maximum of four (4) permanent members and the same number of alternate members, shareholders or not, elected and removed by the Shareholders’ Meeting, in compliance with the Corporation Law, who shall have a term of office of one (1) fiscal year, and the operation period shall end at the subsequent Annual Shareholders’ Meeting. Paragraph One – At least one of the members of the Fiscal Council shall attend the meetings of the Board of Directors at which any matters subject to their opinion shall be resolved. Paragraph Two – The investiture of the members of the Fiscal Council shall be conditioned to previous execution of the instrument of investiture, which, once executed, shall bind the members of the Fiscal Council to comply with the provisions of these bylaws and with the other applicable legal provisions. Paragraph Three – The members of the Fiscal Council shall be removed in the same manner as they are elected. Paragraph Four – At the first meeting held after their election, the members of the Fiscal Council shall elect their Chairman by the vote of at least a majority of its members. Article 25 – The Fiscal Council, when installed, shall meet on a quarterly basis, in ordinary session, or on a special basis whenever deemed required by any of its members, by the chairman of the Board of Directors, or by the Chief Executive Officer of the Company. Paragraph One – The members of the Fiscal Council shall be called to the ordinary meetings in writing, at least five (05) calendar days in advance, or in accordance with the annual schedule approved by the Fiscal Council at the first meeting after its implementation. Paragraph Two – The call notice formalities may be excused when all members of the Fiscal Council are present at the meeting. Paragraph Three – The meetings shall be held at the Company’s head offices, and may be also held at any other place on a special basis, or by means of teleconference or videoconference. Article 26 – Meetings of the Fiscal Council shall be declared open with the attendance of a majority of its permanent members or their respective alternate members. Sole Paragraph – In the absence of the minimum quorum established in the main provision of this article, a new meeting shall be called, to be declared open with any number of participants, which shall be held two (2) calendar days thereafter. Article 27 – Resolutions of the Fiscal Council shall be approved at all times by a majority of the votes of those present, upon attendance of a majority of its members, and any member who disagrees with any specific statement shall cause his or her dissenting vote, reasons and objection to be recorded on the minutes, if he or she wishes so. Article 28 – The members of the Fiscal Council shall be replaced in their absences or impediments by their respective alternate member. Article 29 – In case of permanent impediment or vacancy of the position of member of the Fiscal Council, the respective alternate member shall hold the vacant position, and if there is no alternate member, the next Shareholders’ Meeting shall elect a member to hold the vacant position. Article 30 – The compensation of the permanent members and alternate members of the Fiscal Council shall be set by the Shareholders’ Meeting that elects them, with due regard for paragraph 3 of article 162 of the Corporation Law and the Company’s Fiscal Council Internal Regulations. CHAPTER VII

FISCAL YEAR, FINANCIAL STATEMENTS AND PROFITS Article 31 – The Company’s fiscal year shall start on January 1 and end on December 31. Article 32 – At the end of each fiscal year, the Executive Board shall cause the preparation, as provided for by article 176 of the Corporation Law, of the financial statements composed of: I. balance sheet; II. statement of profits or losses; III. income statement of the fiscal year; and IV. cash flow statements. Article 33 – The net equity of the fiscal year, adjusted in accordance with article 202 of the Corporation Law, shall be allocated as follows: I. five percent (5%) for creation of the legal reserve, up to the limit of twenty percent (20%) of the capital stock; II. thirty-five percent (35%) shall be allocated for payment of mandatory dividend; and III. The remaining balance shall be allocated as proposed by the Executive Board, in compliance with the legal and statutory provisions. Sole Paragraph: The Executive Board may, upon approval of the Board of Directors, as provided for by article 204 of the Corporation Law, prepare interim balance sheets and distribute dividends “ad referendum” of the Annual Shareholders’ Meeting, declare interim dividends by way of retained profits or profits reserves recorded on the annual or half-year balance sheet, or declare and distribute interest on equity and attribute it to the amount of the minimum mandatory dividend. Article 34 – Unless otherwise resolved on at the Shareholders’ Meeting, the dividends shall be paid within one hundred and eighty (180) days as from the date of their declaration and, in any event, within the fiscal year. Sole Paragraph – Any dividends not claimed within three (03) years as from the date of the Shareholders’ Meeting at which such distribution is approved shall accrue in favor of the Company. CHAPTER VIII LIQUIDATION Article 35 – The Company shall be liquidated in the cases provided for by law, and the Shareholders’ Meeting shall appoint the liquidator and set the corresponding fees. Sole Paragraph – During the liquidation period, the Fiscal Council shall be implemented at the request of the shareholders, as provided for by law. CHAPTER IX ARBITRATION Article 36 – The Company, its shareholders, managers and permanent and alternate members of the Fiscal Council, if any, undertake to resolve, by means of arbitration in accordance with the Market Arbitration Chamber (“B3 Arbitration Chamber”) Arbitration Regulations, any and all disputes that may arise between them relating to or arising out of their capacity as issuer, shareholders, managers and members of the Fiscal Council, especially those arising out of the provisions in Law No. 6.404/76, in this instrument, in the Shareholders’ Agreement of the Company and in the rules issued by the Brazilian Securities Commission, if applicable. Article 37 – The arbitration shall be confidential, the seat of arbitration shall be the City of São Paulo, State of São Paulo, and the arbitration shall be conducted in accordance with the B3 Arbitration

Chamber arbitration regulations. The language of arbitration shall be Portuguese; provided that any documents may be submitted in English without need of translation and that any witnesses may testify in either English or Portuguese. The arbitration award shall be written in Portuguese and rendered in the City of São Paulo, State of São Paulo. Article 38 – The arbitral tribunal shall be formed by three arbitrators. The claimant(s) and the respondent(s) shall each appoint one arbitrator, and such appointed arbitrators shall appoint the third arbitrator, who shall be the chairman of the arbitral tribunal. Such appointments shall be made by the deadlines set forth in and in accordance with the B3 Arbitration Chamber regulations. If any party to the arbitration, including as joint claimants or joint respondents, fails to appoint an arbitrator, or the arbitrators fail to reach an agreement as to the appointment of the chairman of the arbitral tribunal, by the deadline set forth in the B3 Arbitration Chamber regulations, the missing appointments shall be made in accordance with such regulations. If there are multiple parties that cannot be joined as claimants or respondents and there is no consensus among all the parties as to the appointment of the arbitrators, all the members of the arbitral tribunal shall be appointed in accordance with the B3 Arbitration Chamber regulations. Article 39 – All the costs and expenses of the arbitration, including arbitrators’ and independent experts’ fees, shall be borne by the parties in the proportion established by the arbitral tribunal, except for contractual attorney’s fees, which shall be borne by each party individually. Article 40 – The dispute resolution procedures specified in this chapter shall be the sole and exclusive procedures for resolution of any disputes that may arise from or relate to this instrument, and the arbitration award shall be final, conclusive and binding upon the parties to such arbitration and their successors and assigns on any account. However, prior to the formation of the arbitral tribunal, any interested party may seek preliminary injunction or other provisional relief from the court of competent jurisdiction or from the Emergency Arbitrator of the B3 Arbitration Chamber. After the formation of the arbitral tribunal, such remedies shall be requested to the arbitral tribunal, which shall have exclusive powers to uphold, reverse or modify any remedies previously granted by the court of competent jurisdiction or by the Emergency Arbitrator of the B3 Arbitration Chamber. All provisional and urgent remedies, when applicable, as well as any execution proceedings, may be requested to the Emergency Arbitrator of the B3 Arbitration Chamber, to any court that has jurisdiction over the parties or their assets, as the case may be, or to the courts of the judicial district of São Paulo, State of São Paulo, Brazil. No request for such court remedies shall be construed as a waiver of this arbitration clause or of arbitration as the only means of dispute resolution hereunder. Article 41 – If the terms of reference have not yet been signed by the parties to the arbitration or approved by the B3 Arbitration Chamber, the Chairman of the B3 Arbitration Chamber may order the joinder of two or more arbitration cases in accordance with the B3 Arbitration Chamber regulations. After the terms of reference have been signed by the parties or approved by the B3 Arbitration Chamber, the arbitral tribunal may join the arbitration cases based on this instrument or on any other agreement entered into by the Company and its shareholders, managers, and members of the Fiscal Council, including shareholders’ agreements and share purchase agreements; provided that: (i) such arbitration cases involve significant factual or legal issues, (ii) the arbitration clauses are compatible with each other, (iii) no party is unduly harmed thereby and (iv) the joinder in such circumstances does not result in an undue delay. The first arbitral tribunal formed shall have authority for such joinder, and its decision shall be final and binding on the parties to all the cases. CHAPTER X MISCELLANEOUS Article 42 – Any transactions and agreements with related parties shall be entered into on an arm’s- length basis. Article 43 – The Executive Board shall not negotiate any acts, agreements or documents without the

approval of the Board of Directors, under the following conditions: (i) if they are made in any other currency, except for the import of goods or services related to the activities of the business purpose; (ii) if they restrict any amendments to the Bylaws of the Company or its controlled companies; and (iii) if they restrict the percentage or the payment of dividends established in these Bylaws. Article 44 – In case of any divergences between the provisions of these Bylaws and the supervening law applicable to this Company, the legal provisions shall prevail. Article 45 – The Company shall comply with any shareholders’ agreements on file at its headquarters, it being understood that the presiding officers of the Shareholders’ Meeting or of the Board of Directors may not accept any vote from any shareholder that has signed any shareholders’ agreement duly filed at the corporate headquarters which is cast in violation of the provisions of such agreement. Such instrument has been approved and is an integral part of the Minutes of the Special Shareholders’ Meeting of ALGAR TELECOM S/A dated July 25, 2018 and referred to as Exhibit I. Presiding Officers: Luciene Gonçalves Luciano Roberto Pereira Chairman Secretary Shareholders Present: ALGAR S/A EMPREENDIMENTOS E PARTICIPAÇÕES (by: George Júnior Pereira) ARCHY, LLC (by: Luciano Roberto Pereira) DONALDO SANTOS JUNIOR Bylaws approved at the Special Shareholders’ Meeting held on July 25, 2018 Revised by: Danilo de Andrade Fernandes Brazilian Bar Association/Minas Gerais Chapter (OAB/MG) No. 128.797 Page of