Telefonica Brasil (VIV) has released an update.
Telefonica Brasil S.A. is proposing a significant reduction of R$2 billion in its capital stock, which will return funds to shareholders without affecting the number of shares. This strategic move is set to adjust the company’s capital structure and is subject to approval at an extraordinary general meeting.
For further insights into VIV stock, check out TipRanks’ Stock Analysis page.
