Telefonica Brasil (VIV) has released an update.
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Telefônica Brasil S.A. is expanding its business with the acquisition of IPNET Serviços em Nuvem e Desenvolvimento de Sistemas Ltda. and its USA counterpart for up to R$230 million, contingent upon performance targets. The deal enhances Telefônica Brasil’s digital transformation capabilities by adding IPNET’s expertise in software resale and professional services, and a robust client base of over 1,400. This strategic move aims to bolster Telefônica Brasil’s B2B segment offerings and accelerate its growth in innovative digital solutions.
For further insights into VIV stock, check out TipRanks’ Stock Analysis page.
