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Telefonica Brasil ( (VIV) ) just unveiled an announcement.
Telefonica Brasil’s Board of Directors convened for their 481st meeting, resulting in the decision to cancel 21,944,664 treasury shares without affecting the share capital. This move, approved unanimously, aligns with their Share Buyback Program strategy and has been endorsed by the company’s Fiscal Council and Audit and Control Committee, highlighting the company’s commitment to optimizing its capital structure.
More about Telefonica Brasil
Telefonica Brasil S.A. is a publicly held telecommunications company based in São Paulo, Brazil. It is primarily involved in providing fixed and mobile telecommunication services, internet, and pay-TV services, with a strong market focus in Brazil.
YTD Price Performance: -25.24%
Average Trading Volume: 817,586
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.11B
For an in-depth examination of VIV stock, go to TipRanks’ Stock Analysis page.
