Telco's extraordinary shareholders' meeting today gave the go-ahead for the partial demerger of the holding company, an operation already approved by the Board and communicated on 26 June.
The completion is subject to authorization by Cade (Brazilian antitrust authority), Anatel (Brazilian regulatory authority), Cndc (Argentine antitrust authority) and, to the extent applicable, by IVASS.
The shareholders' meeting also resolved to cover the loss of 583,4 million by reducing the share capital from 879,2 million to 295,8 million.
In the ordinary session, the shareholders' meeting approved the financial statements as at 30 April and confirmed Fabrizio Vitiello and Amedeo Nodari as directors, previously co-opted to replace Massimo Perona and Filippo Maria Bruno.
