Vivo Returns R$4 Billion to Shareholders in Capital Cut

2026-03-13 - 10:03

Key Points — Telefônica Brasil (VIVT3) shareholders approved a R$4 billion ($780 million) capital reduction on March 12, cutting the company’s share capital from R$60.07 billion ($11.7 billion) to R$56.07 billion ($10.9 billion) — the second such return in 16 months after a R$2 billion ($390 million) reduction in November 2024, with payment of approximately