Telefonica Brasil ( (VIV) ) has provided an update.
On March 13, 2025, Telefônica Brasil announced a significant restructuring of its common shares. The company held an Extraordinary Shareholders’ Meeting to approve a reverse stock split followed by a stock split, aimed at increasing share liquidity and operational efficiency. This operation, which does not alter the company’s share capital, is expected to enhance shareholder management and reduce costs. Shareholders have until April 14, 2025, to adjust their holdings, with the changes taking effect on April 15, 2025. Fractional shares will be sold at auction, and proceeds distributed to shareholders.
More about Telefonica Brasil
Telefônica Brasil S.A., operating under the brand name Vivo, is a leading telecommunications company in Brazil. It provides a wide range of services including mobile and fixed telephony, broadband, and digital television, focusing on enhancing connectivity across the country.
YTD Price Performance: 15.88%
Average Trading Volume: 912,092
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $13.76B
See more insights into VIV stock on TipRanks’ Stock Analysis page.