Telefônica Brasil council backs Fibrasil merger

Telefônica Brasil S.A. reported that its Fiscal Council unanimously issued a favorable opinion on the proposed merger of its wholly owned subsidiary Fibrasil Infraestrutura e Fibra Ótica S.A. into the company.

Rhea-AI Filing Summary

Telefônica Brasil S.A. reported that its Fiscal Council unanimously issued a favorable opinion on the proposed merger of its wholly owned subsidiary Fibrasil Infraestrutura e Fibra Ótica S.A. into the company. The merger is aligned with a strategy to simplify the corporate structure, speed up decisions, optimize operations and administration, and reduce costs tied to maintaining separate entities.

The council reviewed an appraisal report valuing Fibrasil’s shareholders’ equity at R$ 812,613,844.28 based on book value as of December 31, 2025, and the draft merger protocol and justification. It concluded that the documents comply with applicable law and recommended that shareholders approve the merger at an Extraordinary General Meeting, with effectiveness planned for August 1, 2026 if all corporate approvals are obtained.

Key Figures

Fibrasil equity appraisal: R$ 812,613,844.28 Merger effective date: August 1, 2026 Fiscal Council meeting date: June 15, 2026 +1 more

4 metrics

Fibrasil equity appraisal R$ 812,613,844.28 Shareholders’ equity at book value as of December 31, 2025

Merger effective date August 1, 2026 Planned effectiveness if corporate approvals are obtained

Fiscal Council meeting date June 15, 2026 263rd Fiscal Council meeting approving favorable opinion

Meeting start time 09:30 a.m. São Paulo local time, remote Fiscal Council meeting

Key Terms

Merger, Appraisal Report, Merger Protocol, Extraordinary General Meeting, +1 more

5 terms

Merger financial

"the proposal for the merger of Fibrasil Infraestrutura e Fibra Ótica S.A."

A merger is when two companies combine into a single business, with ownership and control reorganized so they operate as one entity. For investors it matters because mergers can change the value and risk of holdings—shares may be exchanged, diluted, or rise if the combined company saves costs or gains market power, and the deal often depends on regulatory approval and successful integration like two households joining resources and routines.

Appraisal Report financial

"the appraisal report of Fibrasil’s shareholders’ equity, prepared based on its book value"

Merger Protocol financial

"the draft Protocol and Justification of Merger to be entered into"

Extraordinary General Meeting regulatory

"recommend their approval, without reservations, by the Extraordinary General Meeting"

Fiscal Council regulatory

"MINUTES OF THE 263rd FISCAL COUNCIL’S MEETING TELEFÔNICA BRASIL S.A."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What corporate action did Telefônica Brasil (VIV) disclose in this 6-K?

Telefônica Brasil disclosed that its Fiscal Council unanimously supported merging its wholly owned subsidiary Fibrasil Infraestrutura e Fibra Ótica S.A. into the company. The merger is intended to simplify the corporate structure, streamline decision-making, and optimize operational and administrative activities.

What is the appraised value of Fibrasil in Telefônica Brasil (VIV)'s proposal?

The appraisal report values Fibrasil’s shareholders’ equity at R$ 812,613,844.28, based on its book value as of December 31, 2025. This valuation, prepared by PriceWaterhouseCoopers, serves as the reference amount for the proposed merger transaction.

When is the Telefônica Brasil (VIV) and Fibrasil merger expected to become effective?

If approved by the competent corporate bodies and shareholders of both companies, the merger is expected to become effective on August 1, 2026. This date reflects the planned implementation of the internal reorganization combining Fibrasil into Telefônica Brasil.

Why is Telefônica Brasil (VIV) proposing to merge Fibrasil into the parent company?

The merger aims to optimize management of telecommunications infrastructure assets and expand in the fiber market. Telefônica Brasil seeks corporate simplification, faster decision-making, operational and administrative optimization, and reduction of costs and ancillary obligations from maintaining separate legal entities.

What role did the Fiscal Council play in Telefônica Brasil (VIV)'s merger process?

The Fiscal Council reviewed the appraisal report and draft merger protocol, received clarifications, and unanimously issued a favorable opinion. It concluded that the terms comply with applicable law and recommended approval without reservations by an Extraordinary General Meeting of shareholders.

Which key documents support Telefônica Brasil (VIV)'s proposed Fibrasil merger?

Key documents include the appraisal report of Fibrasil’s shareholders’ equity, prepared by PriceWaterhouseCoopers, and the draft Protocol and Justification of Merger. These set out the valuation, terms, and conditions governing the proposed corporate reorganization.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/16/2026 - 06:51 PM EDT Learn about SEC filing dates

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 June, 2026

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:

Form 20-F X Form 40-F

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):

Yes 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):

Yes No X 

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62 - NIRE 35.3.0015881-4

MINUTES OF THE 263rd FISCAL COUNCIL’S MEETING OF

TELEFÔNICA BRASIL S.A., HELD ON JUNE 15, 2026

1. DATE, TIME AND VENUE:  On June 15, 2026, at 09:30 a.m. (São Paulo local time), held remotely, as provided for in Article 16, paragraph 1, of the Internal Rules of the Fiscal Council (“Rules”) of Telefônica Brasil S.A. (“Company”).

2. CALL NOTICE AND ATTENDANCE: The call notice was waived, given the presence of all members of the Company’s Fiscal Council, who subscribe to these minutes, establishing quorum for the installation of the meeting. The Director of Corporate and Business Affairs, Ms. Nathalia Pereira Leite, was also present as Secretary of the Meeting.

3. AGENDA AND RESOLUTION: Commencing the meeting, the proposal for the merger of Fibrasil Infraestrutura e Fibra Ótica S.A. (“Fibrasil”), a wholly owned subsidiary of the Company, by the Company (“Merger”) was presented, in line with the Company’s strategy to optimize the management of its telecommunications infrastructure assets and to expand in the fiber market, thereby promoting (i) simplification of the corporate structure; (ii) a faster decision-making process; (iii) operational and administrative optimization; and (iv) a reduction in costs and ancillary obligations inherent to maintaining separate entities.

In this context, the following documents related to the proposed Merger were submitted to the members of the Fiscal Council for their review and consideration. If approved by the competent corporate bodies of the Company and Fibrasil, the Merger will become effective as of August 1, 2026:

(i) the appraisal report of Fibrasil’s shareholders’ equity, prepared based on its book value as of December 31, 2025, in the amount of R$ 812,613,844.28 (eight hundred twelve million, six hundred thirteen thousand, eight hundred forty-four Brazilian reais and twenty-eight cents), prepared by the independent and specialized appraisal firm PriceWaterhouseCoopers Auditores Independentes Ltda., enrolled with the CNPJ under No. 61.562.112/0001-20 and registered with the Regional Accounting Council of the State of São Paulo under No. 2SP000160/O-5, for purposes of the Merger (“Appraisal Report”); and

 

TELEFÔNICA BRASIL S.A.

Publicly Held Company

CNPJ No. 02.558.157/0001-62 - NIRE 35.3.0015881-4

MINUTES OF THE 263rd FISCAL COUNCIL’S MEETING OF

TELEFÔNICA BRASIL S.A., HELD ON JUNE 15, 2026

(ii) the draft Protocol and Justification of Merger to be entered into by the management of Fibrasil and the Company, setting forth the terms and conditions of the Merger (“Merger Protocol”).

Considering the clarifications provided during the meeting, as well as the documents reviewed, the members of the Fiscal Council, unanimously, issued a favorable opinion on the proposed Merger. They further concluded that the terms and conditions of the Merger Protocol, the draft of which was presented to them in full, together with all related documents, comply with the applicable legal provisions. Accordingly, they unanimously recommend their approval, without reservations, by the Extraordinary General Meeting of the Company’s shareholders to be convened for this purpose, pursuant to Law No. 6,404/1976.

4. CLOSING: There being no further matter to discuss, the meeting was adjourned, and these minutes were drawn up. São Paulo, June 15, 2026.

_____________________________________	______________________________________
Gabriela Soares Pedercini	Sergio Barcelos Dutra de Almeida
____________________________________	____________________________________
Luciana Doria Wilson	Nathalia Pereira Leite Meeting Secretary

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.

			TELEFÔNICA BRASIL S.A.
Date:	June 16, 2026		By:	/s/ João Pedro Carneiro
				Name:	João Pedro Carneiro
				Title:	Investor Relations Director