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The latest announcement is out from Telefonica Brasil ( (VIV) ).
Telefônica Brasil S.A. announced that the capital reduction approved in December 2024 has become effective as of February 17, 2025. This reduction will allow the company to reimburse shareholders at a rate of R$1.22651176012 per common share, with adjustments possible based on the company’s Share Buyback Program. Shareholders on record as of February 27, 2025, will be eligible for this reimbursement, which will be paid in a single installment on July 15, 2025. The announcement outlines the tax implications for both resident and non-resident shareholders, specifying the applicable tax rates and procedures for capital gains.
More about Telefonica Brasil
Telefônica Brasil S.A., operating under the brand name Telefonica Brazil, is a leading telecommunications company in Brazil, providing a wide range of services including mobile and fixed telephony, broadband, and pay television. The company focuses on delivering telecom services to Brazilian consumers and businesses, enhancing connectivity across the nation.
YTD Price Performance: 22.88%
Average Trading Volume: 948,174
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $15.14B
For a thorough assessment of VIV stock, go to TipRanks’ Stock Analysis page.
