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EQUITY (Tables)
 12 Months Ended
Dec. 31, 2023
Disclosure of classes of share capital [abstract]  
Schedule of distribution of capital
12.31.202312.31.2022
ShareholdersNumber%Number%
Controlling Group1,244,240,476 75.29 %1,244,241,119 74.20 %
Telefónica Latinoamérica Holding, S.L.634,398,912 38.38 %634,399,555 37.83 %
Telefónica608,905,051 36.85 %608,905,051 36.31 %
Telefónica Chile936,513 0.06 %936,513 0.06 %
Other shareholders408,343,528 24.71 %419,315,612 25.00 %
Treasury Shares4,356 — %13,381,540 0.80 %
Total shares1,652,588,360 100.00 %1,676,938,271 100.00 %
Treasury Shares(4,356)(13,381,540)
Total shares outstanding1,652,584,004 1,663,556,731 
Book value per outstanding share:
On 12.31.2023R$42.10
On 12.31.2022R$41.12
Schedule of treasury shares
Number of sharesValues
Capital reservesIncome reservesTotalCapital reservesIncome reservesTotal
Equity on December 31, 202114,046,652 — 14,046,652 (606,536)— (606,536)
Share buybacks13,381,200 — 13,381,200 (607,429)— (607,429)
Right of recess (Garliava Note 1.c.3)340 — 340 (14)— (14)
Share cancellations(14,046,652)— (14,046,652)606,536 — 606,536 
Equity on December 31, 202213,381,540 — 13,381,540 (607,443)— (607,443)
Share buybacks3,648,542 7,324,185 10,972,727 (86,337)(402,421)(488,758)
Share cancellations(17,025,726)(7,324,185)(24,349,911)693,586 402,421 1,096,007 
Equity on December 31, 20234,356 — 4,356 (194)— (194)
Schedule of calculation of dividends and interest on equity
20232022
Net income for the year5,029,389 4,085,013 
(-) Allocation to legal reserve(251,470)(204,250)
(-) Tax incentives – not distributable(99,132)(95,095)
Adjusted net income4,678,787 3,785,668 
Dividend and IOE allocated for the year:(2,586,000)(3,075,000)
Interim interest on equity (gross) (2,586,000)(2,075,000)
Interim dividends— (1,000,000)
Unallocated net profit balance2,092,787 710,668 
(+) Unclaimed dividends and interest on equity139,766 167,449 
(-) Actuarial losses recognized and effect of limitation of surplus plan assets, net of taxes and other changes(99,160)(51,386)
Income available for allocation2,133,393 826,731 
Proposal for allocation:
Proposed additional dividends – Net income for the year
Share cancellation - share repurchase programs402,421 — 
Reserve for shareholder remuneration and investments (2023) / Proposed additional dividends (2022)1,730,972 826,731 
Total2,133,393 826,731 
Mandatory minimum dividend – 25% of adjusted net income1,169,697 946,417 
Schedule of allocation of interim dividends and interest on equity
The amounts of IOE are calculated and presented net of Withholding Income Tax (“IRRF”). Exempt shareholders received the full IOE amount, without withholding income tax at source.
In 2023
At meetings of the Company's Board of Directors, ad referendum of the General Shareholders' Meeting ("AGM") to be held on April 11, 2024, approved the distribution of interim interest on equity, for the year of 2023, pursuant to article 26 of the Company's Bylaws, Article 9 of Law No. 9,249/95 and CVM Resolution No. 683/12, which will be imputed to the minimum mandatory dividend for the 2023 year, as follows:
DatesGross Amount
NatureApprovalCreditPayment limitGross AmountNet ValueAmount per Share, Net
IOE02.15.202302.28.202310.18.2023106,000 90,100 0.054206 
IOE03.15.202303.31.202310.18.2023290,000 246,500 0.148347 
IOE05.15.202305.31.2023until 04.30.2024320,000 272,000 0.163864 
IOE07.17.202307.31.2023until 04.30.2024405,000 344,250 0.207620 
IOE08.15.202308.31.2023until 04.30.2024265,000 225,250 0.135975 
IOE09.11.202309.22.2023until 04.30.2024200,000 170,000 0.102623 
IOE10.10.202310.23.2023until 04.30.2024150,000 127,500 0.076989 
IOE12.14.202312.26.2023until 04.30.2024850,000 722,500 0.437194 
Total2,586,000 2,198,100 
In 2022
In the AGM held on April 13, 2023, the financial statements and allocations of the result for the year 2022 were approved by majority vote of the holders of common shares present.
During the 2022 financial year, the Company allocated intermediate dividends and interest on equity, which were allocated to the minimum mandatory dividends and proposed additional dividends, as follows:
DatesGross Amount
NatureApprovalCreditPayment limitGross AmountNet ValueAmount per Share, Net
IOE02.16.202202.25.202204.18.2023180,000 153,000 0.091286 
IOE03.17.202203.31.202204.18.2023250,000 212,500 0.126898 
IOE04.13.202204.29.202204.18.2023150,000 127,500 0.076179 
IOE06.14.202206.30.202204.18.2023480,000 408,000 0.244216 
IOE08.19.202208.31.202204.18.2023300,000 255,000 0.152788 
IOE12.09.202212.29.202204.18.2023715,000 607,750 0.365332 
Dividends12.09.202212.29.202207.18.20231,000,000 1,000,000 0.601122 
Proposed additional dividends04.13.202304.13.202307.18.2023826,731 826,731 0.497538 
Total3,901,731 3,590,481 
Schedule of changes in equity valuation adjustment
Currency translation effects – foreign investmentsFinancial assets at fair value through other comprehensive incomeDerivative transactionsTotal
Balance on December 31, 202177,640 (9,074)(409)68,157 
Translation losses(16,258)— — (16,258)
Gains from derivatives— — 424 424 
Losses on financial assets at fair value through other comprehensive income— (140)— (140)
Balance on December 31, 202261,382 (9,214)15 52,183 
Translation losses(4,806)— (4,806)
Gains from derivatives— — (608)(608)
Losses on financial assets at fair value through other comprehensive income— (60)— (60)
Balance on December 31, 202356,576 (9,274)(593)46,709 
Schedule of consolidated information presented the amounts of interest held by controlling and non-controlling shareholders
IoTCo BrasilVivo VenturesCloudCo BrasilTotal
Equity on December 31, 202181,185 — 76,845 158,030 
Company40,600 — 38,430 79,030 
Non-controlling shareholders40,585 — 38,415 79,000 
Company327 20,115 (27,641)(7,199)
Capital contributions in investees— 4,900 — 4,900 
Movements in equity(164)15,747 (39)15,544 
Movements in the statements of income491 (532)(27,602)(27,643)
Non-controlling shareholders326 410 (27,629)(26,893)
Capital contributions in investees— 100 — 100 
Movements in equity(164)321 (39)118 
Movements in the statements of income490 (11)(27,590)(27,111)
Equity on December 31, 202281,838 20,525 21,575 123,938 
Company40,927 20,115 10,789 71,831 
Non-controlling shareholders40,911 410 10,786 52,107 
Company7,386 22,080 586 30,052 
Capital contributions in investees— 25,066 — 25,066 
Movements in equity(2,737)— 55 (2,682)
Movements in result10,123 (2,986)531 7,668 
Non-controlling shareholders7,383 450 585 8,418 
Capital contributions in investees— 511 — 511 
Movements in equity(2,736)— 55 (2,681)
Movements in result10,119 (61)530 10,588 
Equity on December 31, 202396,607 43,055 22,746 162,408 
Company48,313 42,195 11,375 101,883 
Non-controlling shareholders48,294 860 11,371 60,525