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Telefonica Brasil ( (VIV) ) has provided an announcement.
Telefônica Brasil S.A. announced a capital reduction of R$ 2 billion following approval at an Extraordinary General Meeting. The reduction will not affect the number of shares or shareholder percentages, with funds being reimbursed to shareholders at R$ 1.22651176012 per share based on holdings as of February 27, 2025. The move aims to optimize the company’s capital structure and provide returns to shareholders, maintaining its market position and ensuring shareholder value.
More about Telefonica Brasil
Telefônica Brasil S.A. operates in the telecommunications industry, offering a range of services, including mobile and fixed-line telephony, broadband, and digital services. The company is a key player in the Brazilian market, catering to both individual and corporate clients.
YTD Price Performance: -24.29%
Average Trading Volume: 795,680
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.23B
For detailed information about VIV stock, go to TipRanks’ Stock Analysis page.
