An update from Telefonica Brasil ( (VIV) ) is now available.
On January 29, 2025, Telefônica Brasil S.A.’s Audit and Control Committee held its 168th meeting to discuss a significant proposal involving the reverse split and subsequent split of its common shares. This operation, aimed at increasing liquidity and efficiency in shareholder management, proposes a reverse split of shares at a ratio of 40 to 1, followed by a split where one grouped share becomes 80 shares. This move, expected to streamline operations and enhance shareholder value, was unanimously recommended for approval by the Board of Directors.
More about Telefonica Brasil
Telefônica Brasil S.A. is a publicly held company based in São Paulo, Brazil, operating in the telecommunications industry. It provides a range of services including mobile and fixed telecommunications, broadband, and digital solutions, with a focus on enhancing connectivity and communication services for its market.
YTD Price Performance: 13.99%
Average Trading Volume: 923,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.21B
For detailed information about VIV stock, go to TipRanks’ Stock Analysis page.