Top Page
Telefonica Brasil
(NYSE:VIV)
Telefonica Brasil (VIV) vs. SPDR S&P 500 ETF (SPY)
Telefonica Brasil Business Overview & Revenue Model
Telefonica Brasil Earnings Call Summary
Telefonica Brasil Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.42B | 55.85B | 52.10B | 48.04B | 44.03B |
| Gross Profit | 23.62B | 24.49B | 22.68B | 20.61B | 19.25B |
| EBITDA | 24.24B | 21.54B | 19.52B | 17.84B | 18.19B |
| Net Income | 6.05B | 5.55B | 5.03B | 4.09B | 6.24B |
Balance Sheet | |||||
| Total Assets | 128.01B | 124.94B | 120.74B | 119.12B | 115.74B |
| Cash, Cash Equivalents and Short-Term Investments | 7.24B | 6.69B | 4.36B | 2.27B | 6.45B |
| Total Debt | 30.88B | 20.75B | 18.74B | 19.30B | 16.93B |
| Total Liabilities | 59.04B | 55.14B | 51.11B | 50.67B | 45.66B |
| Stockholders Equity | 68.69B | 69.73B | 69.57B | 68.40B | 70.01B |
Cash Flow | |||||
| Free Cash Flow | 11.04B | 10.55B | 9.97B | 9.05B | 8.78B |
| Operating Cash Flow | 20.31B | 19.88B | 18.79B | 18.94B | 18.07B |
| Investing Cash Flow | -9.82B | -8.91B | -7.85B | -14.20B | -8.13B |
| Financing Cash Flow | -10.16B | -8.63B | -8.85B | -8.91B | -9.26B |
Telefonica Brasil Technical Analysis
Telefonica Brasil Risk Analysis
Telefonica Brasil Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $20.87B | 15.76 | 15.54% | 6.14% | -5.21% | -7.45% | |
73 Outperform | $13.01B | 17.19 | 17.96% | 7.82% | -4.90% | 14.83% | |
70 Outperform | $27.05B | 24.69 | 9.34% | 5.03% | -3.16% | 4.70% | |
62 Neutral | $79.52B | 18.23 | 22.81% | 2.69% | 1.14% | 83.48% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $35.66B | -8.39 | -7.08% | 3.77% | 19.67% | -278.51% |
Telefonica Brasil Corporate Events
On February 23, 2026, Telefônica Brasil S.A. announced it had filed its annual report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. Securities and Exchange Commission. The filing, which includes the company’s complete audited financial statements, is available through both the SEC’s and the company’s investor relations websites, reinforcing disclosure practices for U.S. and Brazilian shareholders.
The availability of the 2025 Form 20-F underlines Telefônica Brasil’s ongoing compliance with U.S. reporting standards and supports transparency for international investors. By facilitating online access and offering hard copies of the audited accounts to shareholders on request, the company strengthens its investor-relations posture and maintains alignment with global capital market expectations.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefônica Brasil announced to the market that its previously approved Interest on Capital (IoC) distribution, deliberated by the board on February 12, 2026, remains unchanged because no shares were acquired, divested or canceled under its share buyback program. The company confirmed a gross IoC of R$0.10170213856 per share, to shareholders of record on February 23, 2026, with payment to be made by April 30, 2027 and the shares trading ex-interest after the record date, offering income visibility but no incremental capital return through buybacks in this period.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On February 20, 2026, Telefônica Brasil’s board met remotely in São Paulo and unanimously agreed to terminate its existing 2025–2026 share buyback program, which had been approved in February 2025. In its place, directors approved a new buyback plan that allows the company to more actively manage its capital structure in line with current market conditions.
The new 2026–2027 program, which runs from February 23, 2026 to February 22, 2027, authorizes the repurchase of up to 42,861,656 common shares on B3 at market prices, using up to R$1.0 billion from statutory reserves and current-year income. Shares acquired may be held in treasury, cancelled, or sold, underscoring management’s intent to use excess cash to enhance shareholder value and optimize capital allocation without reducing the company’s capital stock.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On February 20, 2026, Telefônica Brasil’s board terminated the share buyback program that had been in place since February 25, 2025, under which 49,613,856 common shares were repurchased and partly canceled in July 2025, with the remaining balance available to be held in treasury, canceled or sold. At the same meeting, the board approved a new share repurchase program running from February 23, 2026, to February 22, 2027, authorizing the purchase of up to 42,861,656 common shares on B3 at market prices, with up to R$1.0 billion in statutory profit reserves and current-year profits earmarked for the plan.
The new program is designed to use Telefônica Brasil’s excess cash to optimize capital allocation and increase shareholder value without reducing the company’s capital stock, reinforcing a shareholder-friendly stance within the Brazilian telecom sector. Multiple major brokerages, including units of Bradesco, BTG Pactual, Citigroup, Itaú and Morgan Stanley, will intermediate the buybacks, signaling continued active management of the company’s equity base and potentially supporting the stock’s liquidity and pricing in the coming year.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefônica Brasil announced on February 23, 2026 that it will pay R$2.99 billion in interest on capital related to the second, third and fourth quarters of 2025 on April 14, 2026, with the net amounts to be imputed to the mandatory minimum dividend for the 2025 fiscal year, subject to approval at the ordinary shareholders’ meeting on April 16, 2026. The company also detailed a proposed R$4 billion capital reduction to be submitted to shareholders at an extraordinary meeting on March 12, 2026, with reimbursement per share to be finalized after the May 22, 2026 shareholding base is set and payment scheduled for July 14, 2026 if approved, underscoring a significant cash return to investors and the potential impact of its ongoing share buyback program on per-share proceeds.
Unclaimed interest on capital will revert to Telefônica Brasil after three years, and the capital reduction will become effective only after a 60-day legal period following publication of the meeting minutes, in line with Brazilian corporate law. Payments from both the interest on capital and the capital reduction will be made directly to shareholders through Banco Bradesco or via brokerage firms for custodied shares, while the company flagged that tax treatment, particularly for non-resident investors, may affect net proceeds and will be clarified in future communications.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefônica Brasil S.A., which trades as VIVT3 on B3 and VIV on the NYSE, is a major Brazilian telecom operator providing mobile, fixed broadband, fiber and corporate ICT services, with a strategic emphasis on 5G coverage and fiber-to-the-home expansion. The group targets higher-value postpaid customers and digital service bundles to lift average revenue per user and reduce churn, while sustaining high cash generation to support investments and shareholder remuneration.
On February 23, 2026, Telefônica Brasil reported its fourth-quarter 2025 results, highlighting 116.7 million total accesses, solid growth in postpaid and FTTH bases and a 7.1% year-on-year rise in net revenue to R$15.6 billion. EBITDA rose 8.1% year-on-year in the quarter, operating cash flow increased 16.0%, and capex intensity declined, signaling improving efficiency as the company expands 5G to 716 municipalities and passes 31.0 million homes with fiber.
Full-year 2025 net income grew 11.2% to R$6.17 billion, supporting a robust shareholder return of R$6.38 billion paid in 2025 and a payout above 100% of earnings through a mix of interest on equity, capital reduction and buybacks. The company has already approved further distributions for payment in 2026, reinforcing its commitment to return at least all net income from 2024 to 2026 while continuing to grow B2C connectivity and new digital businesses at mid- to high-single-digit rates.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On February 12, 2026, Telefônica Brasil’s board met in São Paulo and unanimously approved the company’s individual and consolidated financial statements, the annual management report and the proposal for allocation of net income for the fiscal year ended December 31, 2025, following favorable opinions from its fiscal council and audit and control committee and a clean opinion from its independent auditors. The board also authorized the convening of an ordinary shareholders’ meeting for April 16, 2026, where these documents and the profit allocation proposal will be submitted to investors, marking a key step in the company’s annual corporate governance and capital distribution cycle.
The board’s approval came after the independent auditors confirmed the financial statements fairly present the company’s financial position and performance, and declared their independence without any objection from directors or fiscal council members. By setting the ordinary shareholders’ meeting date and agenda, Telefônica Brasil signals continuity and transparency in its reporting and shareholder engagement, reinforcing confidence among investors who rely on the annual results and income allocation decisions for visibility on returns.
These governance decisions, formalized in the minutes of the 513th board meeting, ensure compliance with Brazilian corporate law and align the company’s disclosure calendar with investor expectations. For stakeholders, the orderly progression toward the April meeting indicates stability in oversight processes and provides a clear timetable for the discussion and approval of 2025 results and the distribution of earnings.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On February 11, 2026, Telefônica Brasil’s Audit and Control Committee met in São Paulo to review the company’s financial reporting for the fiscal year ended December 31, 2025. The session included presentations from senior finance and legal executives as well as representatives of PricewaterhouseCoopers, the company’s independent auditors.
The committee examined the 2025 financial statements, including impairment tests on net assets and deferred tax assets, along with liquidity, indebtedness, and year-on-year performance metrics versus 2024. PwC reported that the individual and consolidated financial statements fairly presented the company’s financial position and results, leading the committee to unanimously endorse the accounts and the annual management report, recommending approval by the board and subsequent submission to shareholders.
The committee also evaluated management’s proposal for the allocation of 2025 net income, which had been sent to the fiscal council the same day. After analysis, members issued a favorable opinion on the profit allocation plan and likewise recommended its approval by the board and presentation to the ordinary shareholders’ meeting, signaling internal alignment around the company’s 2025 results and capital distribution policy.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On February 11, 2026, Telefônica Brasil’s Fiscal Council met at the company’s São Paulo headquarters to review the financial statements and Annual Management Report for the fiscal year ended December 31, 2025. The council heard presentations on fourth-quarter 2025 results, impairment tests of net assets and deferred tax assets, and key liquidity and indebtedness indicators, as well as the scope and outcome of the external audit.
Representatives of PricewaterhouseCoopers reported that the 2025 individual and consolidated financial statements fairly presented the company’s financial position and performance in all material respects, and the Fiscal Council unanimously issued a favorable opinion on both the financial statements and the Annual Management Report. The council also unanimously endorsed management’s proposal for allocating 2025 results, clearing the way for board approval and signaling governance alignment and financial reporting robustness to shareholders and other stakeholders.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On February 12, 2026, Telefônica Brasil’s board approved the declaration of R$325 million in interest on capital, based on the January 31, 2026 balance sheet, to be credited to shareholders of record as of February 23, 2026. The payment, net of 17.5% withholding tax and subject to possible adjustment due to the ongoing share buyback program, will count toward mandatory dividends for the 2027 fiscal year and is scheduled to be paid by April 30, 2027, pending confirmation at the 2026 annual shareholders’ meeting.
The decision underscores the company’s continued commitment to shareholder remuneration and provides visibility on future cash returns despite the long payment horizon. Investors subject to special tax regimes have been instructed to prove their status by March 5, 2026, while shares will trade ex-interest on capital after the February 23, 2026 record date, potentially influencing short-term trading dynamics and yield-focused investment strategies.
The most recent analyst rating on (VIV) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefônica Brasil S.A., a leading Brazilian telecommunications operator, has been broadening its corporate scope to capture new business opportunities linked to fiber infrastructure and adjacent services. The company’s strategy includes consolidating its position in fiber networks through targeted acquisitions and updating its bylaws to reflect an expanded range of activities.
In a notice dated February 12, 2026, the company reported that the withdrawal rights period tied to resolutions from its January 9, 2026 extraordinary shareholders’ meeting ended on February 11, 2026 with no shareholders exercising dissension rights. At that meeting, investors had ratified Telefônica Brasil’s acquisition of the remaining Fibrasil Infraestrutura e Fibra Ótica S.A. stakes from prior owners and approved a change to the corporate purpose clause in its bylaws, signaling broad shareholder support for the fiber-focused growth strategy and avoiding any cash outflow related to withdrawals.
The most recent analyst rating on (VIV) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On February 11, 2026, Telefônica Brasil’s Fiscal Council met in São Paulo and unanimously endorsed a proposal to distribute interest on capital based on the January 31, 2026 balance sheet. The proposal, to be submitted to the Board of Directors, foresees a gross IoC of R$325 million, or R$0.10170213856 per share before tax, with eligibility defined by the shareholder position as of the close of trading on February 23, 2026.
The net IoC amount of R$268.125 million will count toward the mandatory dividend for the 2026 fiscal year, with payment to be made by April 30, 2027, subject to approval at the 2027 ordinary shareholders’ meeting. This move signals Telefônica Brasil’s continued commitment to shareholder remuneration, though the per-share figure may change slightly due to the ongoing share buyback program affecting the share count used in the calculation.
The most recent analyst rating on (VIV) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
At its 515th board meeting held on February 12, 2026, Telefônica Brasil approved the distribution of R$325 million in interest on capital based on the January 31, 2026 balance sheet, with entitlement set for shareholders on record at the close of February 23, 2026. The net amount will be credited against the mandatory dividend for the 2026 fiscal year and is scheduled to be paid by April 30, 2027, while the company also acknowledged the resignation of board and committee member Francisco Javier de Paz Mancho, effective February 13, 2026, signaling a minor change in its governance lineup.
The board’s decision to allocate a substantial interest-on-capital payment underscores Telefônica Brasil’s ongoing commitment to shareholder returns, even as its share buyback program may slightly adjust the per-share amount by the record date. De Paz Mancho’s departure from the board and the Nominations, Compensation and Corporate Governance Committee introduces a modest reshuffle in oversight roles, but the remaining directors formally expressed appreciation for his contributions, suggesting continuity in strategic direction and governance practices.
The most recent analyst rating on (VIV) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefônica Brasil S.A. has called an Extraordinary Shareholders’ Meeting for March 12, 2026, at its São Paulo headquarters to vote on a proposed R$4 billion reduction in the company’s capital stock, to be carried out via a cash return to shareholders without cancelling any shares. If approved, the move will require amendments to Article 5 of the bylaws to reflect the new capital level and subsequent consolidation of the bylaws, with management authorized to execute all necessary implementation steps. The notice details procedures for in-person participation and remote voting, including documentation requirements for individuals, legal entities, investment funds, and proxies, as well as the availability of remote ballots via market and company platforms, underscoring Telefônica Brasil’s effort to facilitate shareholder engagement while executing a sizeable capital distribution that may affect its capital structure and shareholder remuneration profile.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On January 15, 2026, Telefônica Brasil S.A. announced that its Ordinary Shareholders’ Meeting for the 2026 fiscal year is scheduled to take place on April 16, 2026. The company said that detailed information and the formal call notice will be released closer to the date, signaling the start of its annual corporate governance cycle in which shareholders will address routine matters such as financial statements, governance mandates, and potential distributions, with implications for investors’ oversight and decision-making on the company’s direction.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On January 9, 2026, Telefônica Brasil’s Extraordinary Shareholders’ Meeting ratified the company’s acquisition of the remaining stake in Fibrasil Infraestrutura e Fibra Ótica S.A. that was held by CDPQ and Fibre Brasil Participações S.A., under a July 10, 2025 share purchase agreement, and approved amendments to its bylaws to broaden its corporate purpose in line with new strategic business opportunities. As a consequence of these resolutions, shareholders who dissented, abstained or did not attend the meeting, and who have held shares continuously since the reference disclosure dates in July and November 2025, have been granted statutory withdrawal rights at a reimbursement price of R$21.43 per common share, with the option to request a special balance sheet, and may exercise these rights between January 13 and February 11, 2026, a process that could lead to some capital outflow but also consolidates Telefônica Brasil’s control over its fiber infrastructure venture and updates its legal scope to support future strategic initiatives.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 29, 2025, Telefônica Brasil announced a recalculation of the interest on capital per share that had been declared by its board of directors on December 16, 2025, adjusting the figures to reflect recent share repurchases under its share buyback program. The gross amount per share was slightly increased from R$0.10945864515 to R$0.10952537999, with the corresponding net amount after 15% withholding tax moving from R$0.09303984838 to R$0.09309657299, to be credited to shareholders of record as of the end of trading on December 29, 2025, with payment to be made by April 30, 2026 and the shares trading ex-interest after the record date; the move underscores the company’s ongoing capital-return policy and the mechanical impact of buybacks on per-share distributions for investors.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 16, 2025, Telefônica Brasil S.A. announced that its Board of Directors approved the declaration of Interest on Capital (IoC) amounting to R$350 million, with a net amount of R$297.5 million after tax deductions. This decision, based on the balance sheet of November 30, 2025, will contribute to the mandatory dividends for the fiscal year ending December 31, 2025. Shareholders will receive payments based on their shareholding position as of December 29, 2025, with the distribution scheduled by April 30, 2026. This move is part of the company’s ongoing strategy to provide returns to its investors and may be adjusted according to the shareholding base due to the company’s Share Buyback Program.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 16, 2025, Telefonica Brasil’s Board of Directors approved a proposal for the declaration of Interest on Capital (IoC) amounting to R$350 million gross, based on the balance sheet as of November 30, 2025. The net amount of R$297.5 million will be attributed to the mandatory dividend for the fiscal year ending December 31, 2025, with payments expected by April 30, 2026. This decision reflects the company’s commitment to shareholder returns and may influence its financial strategy and market perception.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 15, 2025, Telefônica Brasil S.A.’s Fiscal Council held its 255th meeting, where it unanimously approved a proposal for the declaration of Interest on Capital (IoC) amounting to R$350 million gross. This decision, based on the balance sheet of November 30, 2025, will impact shareholders with IoC payments scheduled by April 30, 2026, contributing to the company’s fiscal year dividends and reflecting its commitment to shareholder returns.
The most recent analyst rating on (VIV) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 9, 2025, Telefônica Brasil announced the completion of its indirect subsidiary’s acquisition of CyberCo Brasil, a company specializing in integrated cybersecurity solutions. This strategic move, valued at up to R$232 million, aims to enhance Telefônica Brasil’s portfolio in information security, optimize service offerings, and accelerate growth in digital solutions, reflecting a customer-centric approach. The transaction, which includes an asset purchase agreement for software licenses, was independently valued and aligns with market practices, requiring no further regulatory approvals.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 9, 2025, Telefonica Brasil announced that its Board of Directors approved a proposal for a capital stock reduction of R$4.0 billion, which will be deliberated by shareholders in an upcoming extraordinary meeting. This move aims to optimize the company’s capital structure, offering greater flexibility in capital allocation and enhancing shareholder value. If approved, the capital reduction will be executed without canceling shares and will be completed by July 31, 2026, subject to a 60-day period following the publication of the meeting’s minutes.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 9, 2025, Telefônica Brasil S.A.’s Board of Directors approved a proposal to reduce the company’s capital stock by R$4 billion, from R$60.07 billion to R$56.07 billion, without canceling shares. This decision aims to reimburse shareholders a portion of their share value, maintaining their participation in the company’s capital unchanged. The reduction, subject to approval at an extraordinary general meeting, reflects strategic financial management and could impact shareholder returns and the company’s financial structure.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 5, 2025, Telefonica Brasil’s Fiscal Council held a meeting to discuss a proposal to reduce the company’s capital stock by R$4 billion. This reduction, which does not involve the cancellation of shares, aims to reimburse shareholders part of the value of their shares. The Fiscal Council unanimously approved the proposal, which will be presented at an extraordinary shareholders’ meeting. If approved, the reduction will be implemented within 60 days, with payments to shareholders expected by July 31, 2026. This strategic financial move is significant for stakeholders as it involves a substantial capital adjustment while maintaining shareholder participation unchanged.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On December 5, 2025, Telefônica Brasil S.A.’s Audit and Control Committee held a meeting to discuss and approve a proposal to reduce the company’s capital stock by R$4 billion. This reduction, which does not involve the cancellation of shares, aims to reimburse shareholders and will be finalized by July 31, 2026, pending approval from an extraordinary shareholders’ meeting. The move is part of a strategic financial adjustment, potentially impacting shareholder returns and the company’s financial structure.
The most recent analyst rating on (VIV) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On January 9, 2026, Telefônica Brasil S.A. will hold an Extraordinary Shareholders’ Meeting to discuss several key agenda items, including the ratification of its acquisition of shares in Fibrasil Infraestrutura e Fibra Ótica S.A. This strategic move, initially agreed upon in July 2025, involves acquiring shares from CDPQ and Fibre Brasil Participações S.A., and is expected to enhance Telefônica Brasil’s infrastructure capabilities. The meeting will also address amendments to the company’s bylaws and the ratification of actions taken by management to facilitate this acquisition, reflecting the company’s ongoing efforts to strengthen its market position.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
On November 27, 2025, Telefonica Brasil’s Board of Directors held a meeting to approve a proposal to amend the company’s corporate purpose and bylaws. The amendment aims to expand and clarify the company’s activities, reflecting its strategic positioning and business opportunities without altering its main line of business. Additionally, the board approved the convening of an Extraordinary Shareholders’ Meeting on January 9, 2026, to deliberate on these changes.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.
Telefônica Brasil S.A. announced that it will pay Interest on Capital (IoC) to its shareholders on December 2, 2025, for amounts declared in the first quarter of 2025. The total gross amount of R$380 million will be distributed, with the net amount contributing to the mandatory minimum dividend for the fiscal year ending December 31, 2025. This decision reflects the company’s commitment to returning value to its shareholders and maintaining a strong financial position.
The most recent analyst rating on (VIV) stock is a Buy with a $14.50 price target. To see the full list of analyst forecasts on Telefonica Brasil stock, see the VIV Stock Forecast page.