StockWatch
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Telecommunications Equipment
MergerJun 17, 2026, 06:07 AM

Telefônica Brasil Calls Meeting for Fibrasil Merger Approval

AI Summary

Telefônica Brasil S.A. has called an Extraordinary Shareholders' Meeting for July 31, 2026, to vote on the merger of Fibrasil Infraestrutura e Fibra Ótica S.A. into the company. The agenda includes ratifying PriceWaterhouseCoopers as the appraiser for Fibrasil's equity, examining the appraisal report and merger protocol, and resolving on the merger, which is proposed to be effective August 1, 2026. Additionally, shareholders will ratify the election of an independent board member.

Key Highlights

  • Extraordinary Shareholders' Meeting scheduled for July 31, 2026, at 2:00 p.m.
  • Shareholders to vote on the merger of Fibrasil Infraestrutura e Fibra Ótica S.A. into Telefônica Brasil S.A.
  • Ratification of PriceWaterhouseCoopers Auditores Independentes Ltda. as the appraiser for Fibrasil's equity.
  • The merger is proposed to be effective as of August 1, 2026.
  • Shareholders will examine and resolve on the Appraisal Report and the Protocol and Justification of Merger.
  • The meeting also includes the ratification of an independent Board of Directors member elected on April 27, 2026.
  • Remote voting ballots must be submitted by July 27, 2026.
  • Shareholders must be registered 72 hours before the meeting to participate and vote.