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The latest announcement is out from Telefonica Brasil ( (VIV) ).
Telefônica Brasil S.A. held its 239th Fiscal Council Meeting on January 28, 2025, to discuss a proposal involving a reverse stock split of 40-to-1 for its common shares, followed by a split to 80 shares per grouped share, without altering the company’s share capital value. This initiative aims to improve share liquidity, reduce operational costs, and enhance shareholder communication and management efficiency, with the proposal set to be deliberated at an Extraordinary Shareholders’ Meeting.
More about Telefonica Brasil
Telefônica Brasil S.A. operates in the telecommunications industry, primarily offering mobile and fixed-line telecommunication services, broadband, and digital services across Brazil. The company focuses on enhancing connectivity and digital solutions to meet the growing needs of Brazilian consumers and businesses.
YTD Price Performance: 13.99%
Average Trading Volume: 923,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.21B
Find detailed analytics on VIV stock on TipRanks’ Stock Analysis page.
