SAO PAULO, Oct 16 (Reuters) - Telefonica Brasil SA VIVT4.SA has been fined by Brazil's General Comptroller's Office for giving civil servants tickets to the 2014 World Cup soccer finals, a securities filing showed on Friday.
Telefonica Brasil will pay a fine of 45.7 million reais ($8.14 million), it said, adding the comptroller's office did not find any damage to public administration or advantages gained from providing the tickets to the officials.
Telefonica said it was part of its marketing and promotion efforts.
($1 = 5.6124 reais)
(Reporting by Carolina Mandl; editing by Jason Neely)
((firstname.lastname@example.org; +55 11 5644 7703; +55 11 97116-3806;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
In This StoryTEF
Latest Markets Videos
- White House says Walmart, FedEx, UPS to work 24/7 to ease supply bottlenecks for holiday season
- Chinese online brokers Futu and UP Fintech face regulatory risks - People's Daily website
- September, Third Quarter 2021 Review and Outlook
- PRECIOUS-Gold eases as inflation data fans policy tightening bets