Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. covers the month of January 2026. The report serves as a formal notice to shareholders regarding the commencement of the period to exercise withdrawal rights following an Extraordinary Shareholders' Meeting (ESM) held on January 9, 2026.
Key Financial Metrics
The filing does not provide standard operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the current period. The only specific financial value disclosed is the reimbursement value per common share for dissenting shareholders exercising withdrawal rights:
- Reimbursement Value: R$21.43 per common share.
- Basis of Calculation: Derived from the Company's net equity as of December 31, 2024, divided by the number of outstanding common shares (excluding treasury shares) as of that date, adjusted for share splits executed on April 15, 2025.
Material Changes and Corporate Actions
The filing details two major corporate actions approved at the ESM on January 9, 2026, which triggered the withdrawal rights:
- Acquisition of Fibrasil Stake: Ratification of the acquisition of 100% of the shares and subscription bonuses of Fibrasil Infraestrutura e Fibra Ótica S.A. (Fibrasil). This includes 24.99% previously held by Caisse de dépôt et placement du Québec (CDPQ) and 25.01% previously held by Fibre Brasil Participações S.A. (Fibre), pursuant to an agreement signed on July 10, 2025.
- Bylaws Amendment: Amendment of Article 2 of the Company's Bylaws to update the corporate purpose, adding activities to complement the Company's scope and strategy.
Outlook, Risks, and Contingencies
Withdrawal Rights Process:
- Eligibility: Shareholders who voted against, abstained, or did not attend the ESM regarding the specific resolutions. Eligibility requires continuous shareholding since July 10, 2025 (for the Transaction) or November 27, 2025 (for the Bylaws amendment).
- Exercise Period: January 13, 2026, to February 11, 2026.
- Special Balance Sheet: Dissenting shareholders may request a special balance sheet as the ESM occurred more than 60 days after the last approved balance sheet.
Risks and Contingencies:
- The right to withdraw lapses if not exercised within the specified deadline.
- Reimbursement is subject to the possibility of reconsideration under Article 137, §3 of the Brazilian Corporate Law.
Investor Verification Checklist
- Verify shareholding dates to confirm eligibility for withdrawal rights (continuous holding since July 10, 2025, or November 27, 2025).
- Confirm the deadline to exercise withdrawal rights is February 11, 2026.
- Review the reimbursement value of R$21.43 per share and the methodology based on 2024 net equity.
- Check specific procedural requirements for exercising the right via B3 custodians or Banco Bradesco branches.
- Monitor future notices for the payment date of the reimbursement amount.