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General

Telefonica Brasil approves company restructuring

Tuesday 15 March 2016 | 11:27 CET | News
Telefonica Brasil announced that its Board of Director and Supervisory Board approved the proposal of corporate restructuring to incorporate the capital of broadband operator GVT. The initiative also provides for the separation of assets, other than telecommunications, of the Parana-based operator, forming a subsidiary. The restructuring had been approved by the National Telecommunications Agency (Anatel), and Telefonica said that there will be no need for any new capital increase. The approvals of the boards now must be cleared by the general meeting of shareholders, scheduled to take place

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Categories: General
Companies: Anatel / GVT / Telefonica Brasil
Countries: Brazil
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