The latest update is out from Telefonica Brasil ( (VIV) ).
On March 13, 2025, Telefonica Brasil held its 60th Extraordinary Shareholders’ Meeting where a reverse split of common shares was approved. The operation involves consolidating 40 shares into 1 and then splitting it into 80 shares, without altering the company’s share capital value. This decision, backed by the company’s Audit and Control Committee, Fiscal Council, and Board of Directors, aims to adjust the total number of shares, potentially impacting shareholder value and market perception.
More about Telefonica Brasil
Telefonica Brasil S.A. is a publicly held company based in São Paulo, Brazil, operating in the telecommunications industry. It provides a range of services including mobile and fixed-line telephony, broadband, and digital services, primarily focusing on the Brazilian market.
YTD Price Performance: 15.88%
Average Trading Volume: 912,092
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.76B
See more insights into VIV stock on TipRanks’ Stock Analysis page.
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