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The latest announcement is out from Telefonica Brasil ( (VIV) ).
Telefônica Brasil’s Board of Directors approved the replacement of its independent auditors from Baker Tilly to PricewaterhouseCoopers for the fiscal year 2025, beginning with the first quarter’s audit. This strategic move, aligned with the Audit and Control Committee’s recommendation, highlights the company’s commitment to maintaining transparency and robust financial oversight. Additionally, the Board approved a statement of interest on equity based on the November 30, 2024 balance sheet, allocating a gross amount of R$1.2 billion to shareholders, reinforcing the company’s focus on shareholder returns.
More about Telefonica Brasil
Telefônica Brasil S.A., operating as Telefonica Brazil, is a major player in the telecommunications industry, offering a range of services including mobile and fixed-line telephony, broadband, and digital solutions. The company primarily focuses on the Brazilian market, serving as a key provider of communication services in the region.
YTD Price Performance: -18.27%
Average Trading Volume: 709,311
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $14.4B
For a thorough assessment of VIV stock, go to TipRanks’ Stock Analysis page.
