Business Context and Reporting Period
This Form 6-K filing by TELEFONICA BRASIL S.A. reports on the minutes of the 502nd Meeting of the Board of Directors held on October 6, 2025. The filing covers corporate governance actions and a specific transaction approved during this meeting, rather than a standard quarterly or annual financial reporting period.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity for the period. The only specific financial figure disclosed relates to a corporate transaction:
- Transaction Value: R$17,375,359.36 (contribution of shares).
Material Changes and Transactions
The Board of Directors unanimously approved a transaction involving the contribution of all shares issued by VivaE Educação Digital S.A. ("VivaE") held by the Company to the Vivo Ventures Fundo de Investimento em Participações Multiestratégia Investimento no Exterior – Responsabilidade Limitada fund ("Vivo Ventures").
- Purpose: To pay in part of the quotas already subscribed by the Company in the Vivo Ventures fund.
- Valuation: The transaction value of R$17,375,359.36 was determined by an independent valuation from a specialized firm.
- Ownership Structure: The Company is the majority quota holder of Vivo Ventures, while Telefónica Open Innovation, S.L. is the minority quota holder.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. The document is strictly a record of the Board meeting and the authorization of officers to execute the share transfer and related documentation.
Investor Verification Checklist
- Verify the independent valuation report supporting the R$17,375,359.36 contribution value.
- Confirm the final execution of the VivaE Share Transfer Book and the Vivo Ventures Quota Hold' Meeting minutes.
- Review the impact of this transaction on the Company's consolidated financial statements in the next periodic report.
- Check for any regulatory filings in Brazil regarding the transfer of shares in VivaE.