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EQUITY (Tables)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Disclosure of classes of share capital [abstract]    
Schedule of distribution of capital
12.31.202412.31.2023
ShareholdersNumber%Number%
Controlling Group1,244,240,476 76.30 %1,244,240,476 75.29 %
Telefónica634,398,912 38.90 %634,398,912 38.38 %
Telefónica Latinoamérica Holding, S.L.608,905,051 37.34 %608,905,051 36.85 %
Telefónica Chile936,513 0.06 %936,513 0.06 %
Other shareholders382,442,128 23.46 %408,343,528 24.71 %
Treasury Shares3,961,092 0.24 %4,356 — %
Total shares1,630,643,696 100.00 %1,652,588,360 100.00 %
Treasury Shares(3,961,092)(4,356)
Total shares outstanding1,626,682,604 1,652,584,004 
Book value per outstanding share:
On 12.31.2024R$42.87
On 12.31.2023R$42.10
  
Schedule of treasury shares
Number of sharesValues
Capital reservesIncome reservesTotalCapital reservesIncome reservesTotal
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)
Share buybacks— 25,901,400 25,901,400 — 1,299,583 1,299,583 
Share cancellations— (21,944,664)(21,944,664)— (1,099,584)(1,099,584)
Equity on December 31, 20244,356 3,956,736 3,961,092 (194)199,999 199,805 
  
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 2024
At meetings of the Company's Board of Directors, interest on equity was declared, in accordance with article 26 of the Company's Bylaws, article 9 of Law No. 9,249/1995 and CVM Resolution No. 143/2022. As provided for in article 26 of the Company's Bylaws, such interest will be attributed to the mandatory dividend for the year ending on December 31, 2024, ad referendum of the Shareholders' AGM to be held in 2025, as follows:
Dates
DeliberationCreditPayment dateGross AmountNet ValueAmount per Share, Net
03.14.202403.28.202412.17.2024300,000 255,000 0.15430380506 
04.16.202404.29.202412.17.2024380,000 323,000 0.19558005970 
06.14.202406.26.202412.17.2024175,000 148,750 0.09029252997 
07.15.202407.26.202404.30.2025650,000 552,500 0.33628052957 
08.14.202408.26.202404.30.2025400,000 340,000 0.20753991232 
12.12.202412.26.202404.30.20251,200,000 1,020,000 0.62704303685 
Total3,105,000 2,639,250 
In 2023
At the AGM held on April 11, 2024, the accounts were approved, and the Management Report and Financial Statements were examined, discussed and voted on, as accompanied by the Independent Auditors' Report, the Opinion of the Audit and Control Committee and the Opinion of the Fiscal Council, referring to the year ending on December 31, 2023, as well as the proposal for the allocation of the 2023 results.
During the 2023 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:
Dates
DeliberationCreditPayment dateGross AmountNet ValueAmount per Share, Net
02.15.202302.28.202310.18.2023106,000 90,100 0.05420598981 
03.15.202303.31.202310.18.2023290,000 246,500 0.14834705593 
05.15.202305.31.202304.23.2024320,000 272,000 0.16386448053 
07.17.202307.31.202304.23.2024405,000 344,250 0.20761977781 
08.15.202308.31.202304.23.2024265,000 225,250 0.13597484254 
09.11.202309.22.202304.23.2024200,000 170,000 0.10262252267 
10.10.202310.23.202304.23.2024150,000 127,500 0.07698872139 
12.14.202312.26.202304.23.2024850,000 722,500 0.43719411434 
Total2,586,000 2,198,100 
  
Schedule of calculation of dividends and interest on equity
20242023
Net income for the year5,547,948 5,029,389 
(-) Allocation to legal reserve(277,397)(251,470)
(-) Tax incentives – not distributable(113,352)(99,132)
Adjusted net income5,157,199 4,678,787 
IOE allocated for the year (gross) (3,105,000)(2,586,000)
Unallocated net profit balance2,052,199 2,092,787 
(+) Unclaimed dividends and interest on equity126,977 139,766 
(+-) Actuarial gains (losses) recognized and effect of limitation of surplus plan assets, net of taxes and other changes367,299 (99,160)
(-) Share buyback and cancellation - share buyback programs(1,099,584)(402,421)
Income available for allocation1,446,891 1,730,972 
Proposal for allocation:
Reserve for shareholder remuneration and investments1,446,891 1,730,972 
Total1,446,891 1,730,972 
Mandatory minimum dividend – 25% of adjusted net income1,289,300 1,169,697 
  
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, 202261,382 (9,214)15 52,183 
Translation losses(4,806)— — (4,806)
Losses 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 
Translation gains24,566 — 24,566 
Gains from derivatives— — 593 593 
Losses on financial assets at fair value through other comprehensive income— (13)— (13)
Balance on December 31, 202481,142 (9,287)— 71,855 
Schedule of consolidated information presented the amounts of interest held by controlling and non-controlling shareholders
IoTCo BrasilVivo VenturesCloudCo BrasilTotal
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 the statements of income10,123 (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 the statements of income10,119 (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 
Company6,316 92,651 1,184 100,151 
Capital contributions in investees— 97,449 — 97,449 
Movements in equity(2,001)— 15 (1,986)
Movements in result8,317 (4,798)1,169 4,688 
Non-controlling shareholders6,313 1,892 1,183 9,388 
Capital contributions in investees— 1,990 — 1,990 
Movements in equity(2,000)— 14 (1,986)
Movements in result8,313 (98)1,169 9,384 
Equity on December 31, 2024109,236 137,598 25,113 271,947 
Company54,629 134,846 12,559 202,034 
Non-controlling shareholders54,607 2,752 12,554 69,913 
  
Schedule of calculation of earnings per share
202420232022
Net profit for the year attributed to shareholders holding shares5,547,948 5,029,389 4,085,013 
Weighted average number of outstanding common shares for the year (thousands)1,643,132 1,658,604 1,670,851 
Basic and diluted results per common share (R$)3.38 3.03 2.44