Telefônica Brasil Launches R$1.0 Billion Share Buyback Program, Terminating Previous One

summarizeSummary

Telefônica Brasil's Board of Directors approved a new R$1.0 billion share buyback program, effective February 23, 2026, and simultaneously terminated its previous program.

check_boxKey Events

• New R$1.0 Billion Share Buyback Program Approved

  The Board of Directors approved a new share buyback program for up to R$1.0 billion, utilizing available profit reserves, to optimize capital allocation and increase shareholder value.

• Previous Buyback Program Terminated

  The prior share buyback program, which had acquired 49,613,856 common shares, was officially terminated on February 20, 2026.

• Program Details and Term

  The new program commences on February 23, 2026, and will run until February 22, 2027, allowing for the acquisition of up to 42,861,656 common shares at market prices on the Brazilian Stock Exchange (B3).

auto_awesomeAnalysis

Telefônica Brasil's Board of Directors has approved a new R$1.0 billion share buyback program, effective for one year, allowing for the acquisition of up to 42,861,656 common shares. This significant capital allocation decision, representing approximately 4% of the company's market capitalization, aims to enhance shareholder value through efficient use of available cash resources. This filing provides the full details of the program, following a prior announcement today regarding its approval, and also confirms the termination of the previous buyback program.