Telefonica Brasil sets Aug. 1 merger of fiber unit Fibrasil at BRL 812.61 million book value

• Telefônica Brasil’s board moved to merge wholly owned fiber unit Fibrasil into the parent, aiming to streamline structure and cut costs.
• Set the merger to take effect Aug. 1, 2026, using an equity value of BRL 812.61 million based on Fibrasil’s book value as of Dec. 31, 2025.
• Endorsed the merger protocol and supporting appraisal report, subject to shareholder approval at an extraordinary general meeting.
• Cleared the notice to call shareholders to vote on the merger and to ratify a previously elected independent director.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Telefônica Brasil SA published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001292814-26-003482), on June 17, 2026, and is solely responsible for the information contained therein.