Key Developments: Telefonica Brasil SA (VIV)
26.33USD
22 May 2013
$-0.20 (-0.75%)
$26.53
$26.64
$26.89
$26.31
478,132
1,125,836
$27.71
$21.03
Latest Key Developments (Source: Significant Developments)
Telefonica Brasil SA Approves Fourth Issue of Debentures
Telefonica Brasil SA announced that its Board of Directors on April 11, 2013 approved the fourth issue of simple debentures not convertible into shares and unsecured in a unique series totaling BRL 1,300,000,000.00. Full Article
Telefonica Brasil SA to Propose FY 2012 Dividend
Telefonica Brasil SA announced that it will propose to the general meting to be held on April 16, 2013 dividends for fiscal year 2012 totaling BRL 1,498,768,568.04 corresponding to BRL 1.251620356588 per ordinary share and BRL 1.376782392246 per preferred share. Payment will begin by December 21, 2013. Full Article
Telefonica Brasil SA To Cut 1,000 Jobs In Fixed Line Overhaul-Reuters
Reuters reported that Telefonica Brasil SA has opened a voluntary buyout program to cut 1,000 jobs, as the Company works to keep down costs and overhaul its flagging fixed-line operations. The Company said it was carrying out an administrative reorganization to maintain competitiveness. Full Article
Telefonica Brasil SA's Subsidiary Signs Memorandum of Understanding with Claro
Telefonica Brasil SA announced that its wholly owned subsidiary Vivo SA signed a memorandum of understanding with Claro aimed at the establishment of a plan to share infrastructure and backhaul for the next three years which involves networks 3G and 4G. Full Article
Telefonica Brasil SA Updates on Appointment of Chief Financial Officer
Telefonica Brasil SA announced that its Board of Directors on March 1, 2013 indicated Mr. Alberto Manuel Horcajo Aguirre for the post of Chief Financial Officer (CFO) of the Company, replacing Mr. Gilmar Roberto Pereira Camurra whose term expired on March 1, 2013. The effective election of Mr. Alberto Manuel Horcajo Aguirre is subject to the authorization of Ministry of Labour and Employment. During this period, Mr. Paulo Cesar Pereira Teixeira, General and Executive Officer of the Company, will hold the position of CFO of the Company on interim basis. Full Article
Telefonica Brasil SA Announces Interim Dividend Payment
Telefonica Brasil SA announced the payment of interim dividend totaling BRL 1,650,000,000 for the period between January 2012 and September 2012 at the value of BRL 1.377913596807 per ordinary share and BRL 1.515704956488 per preferred share. The payment will be initiated on February 18, 2013. Shares will be traded ex-interests as from January 21, 2013. Full Article
Telefonica Brasil SA Appoints Chief Financial Officer
Telefonica Brasil SA announced that its Board of Directors on December 20, 2012 appointed Mr. Alberto Manuel Horcajo Aguirre new Chief Financial Officer of the Company, to be effective as of the first Board Meeting to be held after the General Meeting of Shareholders. Full Article
Telefonica Brasil SA Announces Interim Dividend Payment Date
Telefonica Brasil SA announced that following the information disclosed to the market on November 5, 2012, the values of interim dividend remain unchanged and equal BRL 0.937416718636 per ordinary share and BRL 1.031158390499 per preferred share. Record date is November 23, 2012. Shares will be traded ex-dividends as from November 26, 2012. The payment will be done as from December 12, 2012. Full Article
Telefonica Brasil SA Announces Interim Dividend Payment
Telefonica Brasil SA announced that its Board of Directors on November 5, 2012 approved interim dividend payment in the amount of BRL 1,122,521,462.40, corresponding to BRL 0.937416718636 per ordinary share and BRL 1.031158390499 per preferred share. Interim dividends will be imputed to minimum obligatory dividends for the fiscal year 2012. Payment will be done as from December 12, 2012 to the shareholders on record as of November 23, 2012. Shares will be traded ex-dividends as of November 26, 2012. Full Article
Telefonica Brasil SA's Subsidiary Signs Memorandum of Understanding with AINMT Holdings
Telefonica Brasil SA announced that its wholly-owned subsidiary, Vivo SA, and AINMT Holdings have signed a memorandum of understanding to explore the possibility of building a complementary network LTE 450MHz. The aim of the memorandum is to offer voice and broadband services, primarily in the rural areas, where Vivo SA holds 450 megahertz spectrum. Full Article
UPDATE 1-Weak broadband, TV drag on Telefonica Brasil profit
SAO PAULO, May 7 - Telefonica Brasil SA , the country's biggest telecom company, posted a bigger-than-expected drop in quarterly profit on Tuesday due to falling broadband and television revenue and the cost of a new round of layoffs.
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