Telefonica Brasil Plans R$2 Billion Capital Reduction

Telefonica Brasil (VIV) has released an update.

Telefonica Brasil is set to reduce its capital stock by R$2 billion, a move that will reimburse shareholders without canceling shares. This reduction, pending approval at an extraordinary general meeting, will adjust the company’s capital to R$60.07 billion. Shareholders are expected to receive their payments by July 2025, maintaining their ownership percentages intact.

For further insights into VIV stock, check out TipRanks’ Stock Analysis page.