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An announcement from Telefonica Brasil ( (VIV) ) is now available.
On January 29, 2025, Telefônica Brasil’s Board of Directors approved a proposal for a reverse stock split and subsequent share split aimed at enhancing share liquidity and improving shareholder management. This operation, set to be deliberated in an Extraordinary Shareholders’ Meeting on March 13, 2025, seeks to optimize the company’s shareholding structure without affecting the total value of its capital stock, thereby aligning its market strategy with improved operational efficiency and cost reduction.
More about Telefonica Brasil
Telefônica Brasil S.A., known as Telefonica Brazil, operates in the telecommunications industry, providing a range of services including mobile and fixed telephony, broadband, and digital TV. The company, with its principal executive office located in São Paulo, Brazil, caters to the Brazilian market and is listed on both the B3 and NYSE under the ticker symbols VIVT3 and VIV, respectively.
YTD Price Performance: 13.99%
Average Trading Volume: 923,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.21B
Find detailed analytics on VIV stock on TipRanks’ Stock Analysis page.
