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Telefonica Brasil ( (VIV) ) has provided an update.
On January 29, 2025, Telefônica Brasil S.A.’s Board of Directors approved a proposal to reverse split and subsequently split its common shares to enhance liquidity, streamline operations, and improve shareholder services. This operation, which maintains the company’s capital value and shareholder rights, aims to adjust the number of shares while potentially increasing market efficiency and reducing costs.
More about Telefonica Brasil
Telefônica Brasil S.A., operating under the brand Vivo, is a major telecommunications company in Brazil. It provides a wide range of services including mobile and fixed telephony, broadband, and digital solutions, serving both consumer and enterprise markets across the country.
YTD Price Performance: 13.46%
Average Trading Volume: 915,938
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $14.21B
See more data about VIV stock on TipRanks’ Stock Analysis page.
