Telefonica Brasil ( (VIV) ) has shared an announcement.
On February 25, 2025, Telefonica Brasil’s Board of Directors held a meeting where they approved the closure of their 2024-2025 share buyback program due to the full utilization of allocated resources. Subsequently, they initiated a new buyback program for 2025-2026, aiming to acquire up to 34.7 million common shares with a maximum budget of R$ 1.75 billion. This strategic move is intended to optimize capital allocation and enhance shareholder value by using available cash resources efficiently.
More about Telefonica Brasil
Telefonica Brasil S.A. operates in the telecommunications industry, providing a range of services including mobile and fixed-line telephony, broadband, and digital television. The company is a key player in the Brazilian market, focusing on enhancing shareholder value through strategic financial management.
YTD Price Performance: 18.82%
Average Trading Volume: 962,146
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $14.82B
For a thorough assessment of VIV stock, go to TipRanks’ Stock Analysis page.