Telefonica Brasil (VIV) has released an update.
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Telefônica Brasil S.A. has announced a proposal to reduce its capital stock by R$2 billion, a move designed to reimburse shareholders without canceling shares. The company’s capital will decrease from R$62.07 billion to R$60.07 billion, with shareholder participation percentages remaining unchanged. This decision, supported by the Audit and Control Committee and the Fiscal Board, will be discussed further in an extraordinary general meeting.
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