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Telefonica Brasil ( (VIV) ) just unveiled an update.
Telefonica Brasil’s Fiscal Council has approved a proposal to cancel 21,944,664 shares held in treasury as part of its Share Buyback Program, without affecting the company’s capital stock. This strategic move is set to optimize the company’s share capital structure, requiring a bylaw adjustment to reflect the new share count, pending shareholder approval at an upcoming general meeting.
More about Telefonica Brasil
Telefonica Brasil S.A. operates in the telecommunications industry, providing a wide range of services including fixed and mobile telephony, broadband, and television services. The company focuses on the Brazilian market, leveraging its position as a leading provider of telecom services in the region.
YTD Price Performance: -25.24%
Average Trading Volume: 817,586
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.11B
See more insights into VIV stock on TipRanks’ Stock Analysis page.
