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CONTRACTUAL COMMITMENTS AND GUARANTEES
12 Months Ended
Dec. 31, 2023
CONTRACTUAL COMMITMENTS AND GUARANTEES  
CONTRACTUAL COMMITMENTS AND GUARANTEES CONTRACTUAL COMMITMENTS AND GUARANTEES
a)Contractual commitments
The Company has unrecognized contractual commitments arising from the purchase of goods and services, which mature on several dates, with monthly payments.
On December 31, 2023, the total consolidated nominal values equivalent to the full contract period were:
Year
20241,015,822 
2025749,362 
2026438,382 
2027358,300 
2028334,504 
2029 onwards730,684 
Total(1)
3,627,054 
(1)Includes R$154.4 millions, referring to contracts for the provision of security services with Telefónica Cybersecurity Tech, S.L.U. (“CyberCo”) and its subsidiaries, companies of the Telefónica Group.
b)Guarantees
On December 31, 2023, the Company had guarantees for several commitments with ANATEL, suppliers and legal proceedings:
Insurance of guarantee(1)26,935,174 
Letters of guarantee4,596,336 
Judicial deposits and garnishments (Note 10)2,911,929 
Property and equipment (Note 13.f)101,220 
Financial investments in guarantee of lawsuits (Note 4)36,169 
Total34,580,828 
(1)These refer to insurance amounts contracted to ensure the continuity of legal proceedings (note 20).