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An announcement from Telefonica Brasil ( (VIV) ) is now available.
At the 59th Extraordinary Shareholders Meeting held on December 18, 2024, Telefônica Brasil S.A. decided to reduce its capital stock by two billion reais without canceling shares, deeming the current capital excessive. Shareholders approved this reduction to adjust the company’s capital structure, impacting their investment returns but maintaining their shares and interest percentages unchanged.
More about Telefonica Brasil
Telefônica Brasil S.A., operating as Telefonica Brazil, is a publicly held company in the telecommunications industry, providing mobile and fixed-line telephony services, broadband, and digital TV. It primarily serves the Brazilian market and is headquartered in São Paulo, Brazil.
YTD Price Performance: -24.29%
Average Trading Volume: 795,680
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $13.23B
Learn more about VIV stock on TipRanks’ Stock Analysis page.
