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The latest announcement is out from Telefonica Brasil ( (VIV) ).
Telefonica Brasil S.A. announced an Extraordinary Shareholders’ Meeting scheduled for March 13, 2025, to discuss a reverse split of all common shares at a ratio of 40-to-1 and a subsequent split, resulting in one share corresponding to 80 shares without changing the company’s share capital. Additionally, they plan to amend their bylaws to reflect these changes and cancel over 21 million ordinary treasury shares, as approved by the Board of Directors on December 20, 2024. The meeting will offer shareholders the option to vote remotely, aiming to enhance shareholder engagement and streamline the voting process.
More about Telefonica Brasil
Telefonica Brasil S.A., operating as Telefonica Brazil, is a leading telecommunications company based in São Paulo, Brazil. The company is primarily involved in providing telecommunication services, including mobile and fixed-line telephony, broadband internet, and digital television services, focusing on the Brazilian market.
YTD Price Performance: 13.46%
Average Trading Volume: 915,938
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $14.21B
Learn more about VIV stock on TipRanks’ Stock Analysis page.
