Analyst Summary
- The document outlines the consolidated bylaws of Telefônica Brasil S.A., effective after a reverse stock split and subsequent stock split approved on March 13, 2025.
- The company’s purpose includes telecommunications services, value-added services, integrated solutions (data centers, IT, security), and software licensing.
- Telefônica Brasil is authorized to increase its capital up to 1,850,000,000 common shares, with the Board of Directors having the authority to resolve on the increase.
- The fully paid-up and subscribed capital is R$60,071,415,865.09 divided into 3,261,287,392 common shares.
- The management of the company is incumbent upon the Board of Directors and the Executive Office, with members elected for three-year terms.
- The Board of Directors is comprised of at least 5 and at most 17 members, elected by the general meeting.
- The Executive Office shall be comprised of at least 3 and at most 15 members, elected by the Board of Directors.
- The company may declare interim dividends by resolution of the Board of Directors.
- The fiscal year coincides with the civil year, and the company may prepare half-yearly or quarterly balance sheets.