[6-K] Telefonica Brasil, S.A. American Current Report (Foreign Issuer)
Data Storage Corp. (DTST/DTSTW) filed a Schedule TO-C disclosing plans for an issuer tender offer that will begin only after shareholders approve the proposed divestiture of the company’s cloud solutions business at the 10 Sep 2025 annual meeting. If the sale closes, the company intends to deploy 85 % of its cash on hand—including the net divestiture proceeds—to repurchase up to 85 % of every shareholder’s common shares, potentially removing a large portion of the float.
The filing is strictly a pre-commencement communication; no price, timing or proration terms are yet available. Formal tender documents (Offer to Purchase, Letter of Transmittal, etc.) will be filed later on Schedule TO and provided free via the SEC and the company website. Until then, this notice is neither an offer to buy nor a solicitation to sell shares.
Data Storage Corp. (DTST/DTSTW) ha presentato un modulo Schedule TO-C comunicando i piani per un offerta pubblica di acquisto da parte dell’emittente che inizierà solo dopo l’approvazione da parte degli azionisti della proposta di cessione del business delle soluzioni cloud durante l’assemblea annuale del 10 settembre 2025. Se la vendita si concluderà, la società intende utilizzare l’85% della liquidità disponibile — inclusi i proventi netti della cessione — per riacquistare fino all’85% delle azioni ordinarie di ogni azionista, potenzialmente riducendo significativamente il flottante.
La comunicazione è strettamente preliminare; non sono ancora disponibili dettagli su prezzo, tempistiche o modalità di ripartizione. I documenti formali dell’offerta (Offerta di Acquisto, Lettera di Trasmissione, ecc.) saranno presentati successivamente con il modulo Schedule TO e resi disponibili gratuitamente tramite la SEC e il sito web aziendale. Fino ad allora, questo avviso non costituisce né un’offerta di acquisto né una sollecitazione alla vendita delle azioni.
Data Storage Corp. (DTST/DTSTW) presentó un Schedule TO-C revelando planes para una oferta pública de adquisición por parte del emisor que comenzará solo después de que los accionistas aprueben la propuesta de desinversión del negocio de soluciones en la nube de la empresa en la junta anual del 10 de septiembre de 2025. Si la venta se concreta, la compañía planea destinar el 85 % de su efectivo disponible — incluidos los ingresos netos de la desinversión — para recomprar hasta el 85 % de las acciones comunes de cada accionista, lo que podría reducir significativamente el número de acciones en circulación.
La presentación es estrictamente una comunicación previa al inicio; aún no hay detalles sobre precio, calendario o prorrateo. Los documentos formales de la oferta (Oferta de Compra, Carta de Transmisión, etc.) se presentarán más adelante en el Schedule TO y estarán disponibles gratuitamente a través de la SEC y el sitio web de la empresa. Hasta entonces, este aviso no constituye ni una oferta de compra ni una solicitud para vender acciones.
Data Storage Corp. (DTST/DTSTW)는 2025년 9월 10일 연례 주주총회에서 회사의 클라우드 솔루션 사업 매각이 승인된 후에만 시작될 발행인 공개매수 계획을 공개하는 Schedule TO-C를 제출했습니다. 매각이 완료되면 회사는 현금 보유액의 85%—매각 순수익 포함—를 활용해 모든 주주의 보통주 최대 85%를 재매입할 계획으로, 유통주식 수가 크게 줄어들 수 있습니다.
이번 제출은 시작 전 사전 통지에 불과하며, 가격, 일정 또는 배분 조건은 아직 공개되지 않았습니다. 공식 공개매수 문서(매수 제안서, 송부 서한 등)는 추후 Schedule TO를 통해 제출되며 SEC와 회사 웹사이트에서 무료로 제공될 예정입니다. 그때까지 이 공지는 주식 매수 제안도 매도 권유도 아닙니다.
Data Storage Corp. (DTST/DTSTW) a déposé un Schedule TO-C dévoilant des projets pour une offre publique d’achat de l’émetteur qui ne débutera qu’après l’approbation par les actionnaires de la cession proposée de l’activité solutions cloud de la société lors de l’assemblée générale annuelle du 10 septembre 2025. Si la vente est conclue, la société prévoit d’utiliser 85 % de sa trésorerie disponible — y compris le produit net de la cession — pour racheter jusqu’à 85 % des actions ordinaires de chaque actionnaire, ce qui pourrait réduire considérablement le flottant.
Ce dépôt est strictement une communication préliminaire ; aucun détail sur le prix, le calendrier ou la répartition n’est encore disponible. Les documents formels de l’offre (Offre d’Achat, Lettre de Transmission, etc.) seront déposés ultérieurement dans le Schedule TO et mis gratuitement à disposition via la SEC et le site internet de la société. D’ici là, cet avis ne constitue ni une offre d’achat ni une sollicitation de vente d’actions.
Data Storage Corp. (DTST/DTSTW) hat ein Schedule TO-C eingereicht, in dem Pläne für ein Emittentenübernahmeangebot offengelegt werden, das erst nach der Zustimmung der Aktionäre zur geplanten Veräußerung des Cloud-Solutions-Geschäfts der Gesellschaft auf der Hauptversammlung am 10. September 2025 beginnen wird. Sollte der Verkauf abgeschlossen werden, beabsichtigt das Unternehmen, 85 % seiner verfügbaren Barmittel – einschließlich der Nettoerlöse aus der Veräußerung – einzusetzen, um bis zu 85 % der Stammaktien jedes Aktionärs zurückzukaufen, was einen großen Teil des Streubesitzes potenziell reduzieren würde.
Die Einreichung ist ausschließlich eine Vorabmitteilung; Preis-, Zeit- oder Quotierungsbedingungen sind noch nicht verfügbar. Formale Angebotsunterlagen (Kaufangebot, Übermittlungsbrief usw.) werden später im Schedule TO eingereicht und kostenlos über die SEC sowie die Unternehmenswebsite bereitgestellt. Bis dahin stellt diese Mitteilung weder ein Kaufangebot noch eine Verkaufsaufforderung dar.
- Planned repurchase of up to 85 % of shares could materially lift EPS and ownership concentration for remaining investors.
- Return of 85 % of cash, including divestiture proceeds, underscores a shareholder-friendly capital allocation stance.
- Divestiture of the cloud solutions business may remove a key growth driver and revenue stream.
- Spending 85 % of cash reserves significantly reduces liquidity and financial flexibility post-transaction.
- Lack of disclosed tender price or timetable creates uncertainty around the attractiveness and timing of the offer.
Insights
TL;DR: Massive buyback dependent on asset sale could shrink float but true impact hinges on divestiture value and tender pricing.
The board links an 85 % share repurchase to the successful sale of its cloud solutions arm. Such a large cash return is shareholder-friendly, yet it also signals management’s willingness to downsize the operating footprint. With no tender price or valuation metrics, investors cannot gauge accretion or dilution. Key sensitivities: (1) sale multiple achieved for the cloud unit, (2) liquidity remaining after 85 % cash outlay, and (3) whether proration limits restrict acceptance. Execution risk is moderate; regulatory complexity is low because this is an issuer offer. Overall impact is uncertain pending additional detail.
TL;DR: Capital-return intent is positive, but divesting growth business and draining cash may impair long-term value; net effect appears neutral for now.
Repurchasing up to 85 % of shares could meaningfully boost per-share metrics and enhance control for remaining holders. However, the cloud solutions segment likely contributes recurring revenue; divesting it may lower growth profile and strategic optionality. Post-offer balance-sheet flexibility will be tight, raising future funding risks. Without tender price guidance, arbitrage opportunities are impossible to size. I view the announcement as watch-and-wait: potentially accretive, yet counterbalanced by strategic contraction.
Data Storage Corp. (DTST/DTSTW) ha presentato un modulo Schedule TO-C comunicando i piani per un offerta pubblica di acquisto da parte dell’emittente che inizierà solo dopo l’approvazione da parte degli azionisti della proposta di cessione del business delle soluzioni cloud durante l’assemblea annuale del 10 settembre 2025. Se la vendita si concluderà, la società intende utilizzare l’85% della liquidità disponibile — inclusi i proventi netti della cessione — per riacquistare fino all’85% delle azioni ordinarie di ogni azionista, potenzialmente riducendo significativamente il flottante.
La comunicazione è strettamente preliminare; non sono ancora disponibili dettagli su prezzo, tempistiche o modalità di ripartizione. I documenti formali dell’offerta (Offerta di Acquisto, Lettera di Trasmissione, ecc.) saranno presentati successivamente con il modulo Schedule TO e resi disponibili gratuitamente tramite la SEC e il sito web aziendale. Fino ad allora, questo avviso non costituisce né un’offerta di acquisto né una sollecitazione alla vendita delle azioni.
Data Storage Corp. (DTST/DTSTW) presentó un Schedule TO-C revelando planes para una oferta pública de adquisición por parte del emisor que comenzará solo después de que los accionistas aprueben la propuesta de desinversión del negocio de soluciones en la nube de la empresa en la junta anual del 10 de septiembre de 2025. Si la venta se concreta, la compañía planea destinar el 85 % de su efectivo disponible — incluidos los ingresos netos de la desinversión — para recomprar hasta el 85 % de las acciones comunes de cada accionista, lo que podría reducir significativamente el número de acciones en circulación.
La presentación es estrictamente una comunicación previa al inicio; aún no hay detalles sobre precio, calendario o prorrateo. Los documentos formales de la oferta (Oferta de Compra, Carta de Transmisión, etc.) se presentarán más adelante en el Schedule TO y estarán disponibles gratuitamente a través de la SEC y el sitio web de la empresa. Hasta entonces, este aviso no constituye ni una oferta de compra ni una solicitud para vender acciones.
Data Storage Corp. (DTST/DTSTW)는 2025년 9월 10일 연례 주주총회에서 회사의 클라우드 솔루션 사업 매각이 승인된 후에만 시작될 발행인 공개매수 계획을 공개하는 Schedule TO-C를 제출했습니다. 매각이 완료되면 회사는 현금 보유액의 85%—매각 순수익 포함—를 활용해 모든 주주의 보통주 최대 85%를 재매입할 계획으로, 유통주식 수가 크게 줄어들 수 있습니다.
이번 제출은 시작 전 사전 통지에 불과하며, 가격, 일정 또는 배분 조건은 아직 공개되지 않았습니다. 공식 공개매수 문서(매수 제안서, 송부 서한 등)는 추후 Schedule TO를 통해 제출되며 SEC와 회사 웹사이트에서 무료로 제공될 예정입니다. 그때까지 이 공지는 주식 매수 제안도 매도 권유도 아닙니다.
Data Storage Corp. (DTST/DTSTW) a déposé un Schedule TO-C dévoilant des projets pour une offre publique d’achat de l’émetteur qui ne débutera qu’après l’approbation par les actionnaires de la cession proposée de l’activité solutions cloud de la société lors de l’assemblée générale annuelle du 10 septembre 2025. Si la vente est conclue, la société prévoit d’utiliser 85 % de sa trésorerie disponible — y compris le produit net de la cession — pour racheter jusqu’à 85 % des actions ordinaires de chaque actionnaire, ce qui pourrait réduire considérablement le flottant.
Ce dépôt est strictement une communication préliminaire ; aucun détail sur le prix, le calendrier ou la répartition n’est encore disponible. Les documents formels de l’offre (Offre d’Achat, Lettre de Transmission, etc.) seront déposés ultérieurement dans le Schedule TO et mis gratuitement à disposition via la SEC et le site internet de la société. D’ici là, cet avis ne constitue ni une offre d’achat ni une sollicitation de vente d’actions.
Data Storage Corp. (DTST/DTSTW) hat ein Schedule TO-C eingereicht, in dem Pläne für ein Emittentenübernahmeangebot offengelegt werden, das erst nach der Zustimmung der Aktionäre zur geplanten Veräußerung des Cloud-Solutions-Geschäfts der Gesellschaft auf der Hauptversammlung am 10. September 2025 beginnen wird. Sollte der Verkauf abgeschlossen werden, beabsichtigt das Unternehmen, 85 % seiner verfügbaren Barmittel – einschließlich der Nettoerlöse aus der Veräußerung – einzusetzen, um bis zu 85 % der Stammaktien jedes Aktionärs zurückzukaufen, was einen großen Teil des Streubesitzes potenziell reduzieren würde.
Die Einreichung ist ausschließlich eine Vorabmitteilung; Preis-, Zeit- oder Quotierungsbedingungen sind noch nicht verfügbar. Formale Angebotsunterlagen (Kaufangebot, Übermittlungsbrief usw.) werden später im Schedule TO eingereicht und kostenlos über die SEC sowie die Unternehmenswebsite bereitgestellt. Bis dahin stellt diese Mitteilung weder ein Kaufangebot noch eine Verkaufsaufforderung dar.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 2025
Commission File Number: 001-14475
TELEFÔNICA BRASIL S.A.
(Exact name of registrant as specified in its charter)
TELEFONICA BRAZIL S.A.
(Translation of registrant’s name into English)
Av. Eng° Luís Carlos Berrini, 1376 - 28º andar
São Paulo, S.P.
Federative Republic of Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
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Form 20-F |
X |
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Form 40-F |
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Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
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Yes |
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No |
X |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
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Yes |
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No |
X |
TELEFÔNICA BRASIL S.A.
Publicly Held Company
CNPJ No. 02.558.157/0001-62 - NIRE 35.3.0015881-4
MATERIAL FACT
Telefônica Brasil S.A. (“Company”) (B3: VIVT3; NYSE: VIV), in accordance with Article 157, paragraph 4, of Law No. 6,404, of December 15, 1976 (“Brazilian Corporate Law”), and CVM Resolution No. 44, of August 23, 2021, hereby informs its shareholders and the market in general that, at a meeting held on this date, the Board of Directors approved the cancellation of 34,740,770 common, book-entry and non-par value shares issued by the Company and held in treasury, representing 1.07% of the capital stock, without reducing its value. These shares were acquired under the Company’s Share Buyback Program.
As a result of the approved cancellation of shares, the Company’s capital stock is now divided into 3,226,546,622 common, book-entry and non-par value shares. Additionally, a Shareholders’ General Meeting will be convened in due course to amend the caput of Article 5 of the Company’s Bylaws to reflect the new number of shares comprising the capital stock.
Finally, the Company clarifies that, due to the reverse stock split with subsequent forward stock split of its own shares, which was effective on April 15, 2025, the maximum number of shares that may be acquired under the current share buyback program, approved on February 25, 2025, has been automatically adjusted.
São Paulo, July 24, 2025.
David Melcon Sanchez-Friera
CFO and Investor Relations Officer
Telefônica Brasil – Investor Relations
Tel: +55 11 3430 3687
Email: ir.br@telefonica.com
Website: ri.telefonica.com.br/
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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TELEFÔNICA BRASIL S.A. | |||
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Date: |
July 24, 2025 |
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By: |
/s/ João Pedro Carneiro | |
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Name: |
João Pedro Carneiro |
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Title: |
Investor Relations Director |
FAQ
What did Data Storage Corp. file on July 24, 2025?
How many DTST shares could be repurchased in the tender offer?
What event must occur before the tender offer begins?
Will the tender offer price be disclosed later?
Where can investors access the tender offer documents?
