No shareholders exit after Telefônica Brasil (NYSE: VIV) Fibrasil approvals
Rhea-AI Filing Summary
Telefônica Brasil S.A. reports that the period for shareholders to exercise withdrawal rights related to recent extraordinary resolutions ended on February 11, 2026 with no withdrawals by holders of common shares.
Those resolutions approved the ratification of the Company’s acquisition of 24.99% of the shares and 1 subscription bonus in Fibrasil Infraestrutura e Fibra Ótica S.A. previously held by Caisse de dépôt et placement du Québec, and 25.01% of the shares and 1 subscription bonus previously held by Fibre Brasil Participações S.A. The meeting also approved an amendment to Article 2 of the Bylaws to broaden the corporate purpose and align it with the Company’s strategy and new business opportunities.
Positive
- None.
Negative
- None.
Insights
No shareholders used withdrawal rights after Telefônica Brasil’s Fibrasil acquisition approvals.
The key point is that dissenting shareholders had a right of withdrawal in connection with the extraordinary meeting resolutions, but none of the common shareholders exercised it by the February 11, 2026 deadline. This indicates full retention of the common-share base through this corporate action.
The resolutions covered ratifying Telefônica Brasil’s acquisition of specific Fibrasil stakes from Caisse de dépôt et placement du Québec and Fibre Brasil Participações S.A., plus a change to Article 2 of the Bylaws to expand the corporate purpose. Future disclosures in company filings may provide additional financial details on the Fibrasil acquisition and how the broader corporate purpose supports the stated strategy.
