Brazil's Bolsonaro signs telecoms law to boost sector [Reuters]
Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV)
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telefonica.com.br/ir
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Source: Reuters
Brazil's Bolsonaro signs telecoms law to boost sector BRASILIA, Oct 4 (Reuters) - President Jair Bolsonaro signed a law modernizing Brazil’s telecommunications regulations on Friday in a move long expected by the industry to allow new investment opportunities and help salvage bankrupt carrier Oi SA . The law, which took five years to clear Congress, will boost telecom companies by lifting restrictions on sales of their formerly state-owned assets. It will also allow for a secondary market for trading cellphone frequencies. Fixed-line concession holders will be allowed to migrate their licenses to a private regime in which they can more freely allocate investments to expand broad-band services. “Fixed-line companies got a pathway out of the over-regulated concession regime, while cellphone companies can now trade frequencies,” said Ricardo Tavares, CEO of TechPolis, a telecom-policy consulting company. Satellite companies will be able to apply directly for frequencies, as opposed to th
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VIV
News
- Telefônica Brasil S.A. (NYSE: VIV) had its price target lowered by analysts at Barclays PLC from $13.50 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Telefônica Brasil S.A. (NYSE: VIV) had its price target raised by analysts at Barclays PLC from $13.00 to $13.50. They now have an "equal weight" rating on the stock.MarketBeat
- Telefonica Brasil's Q4 Earnings: Strong Buy For Income Investors [Seeking Alpha]Seeking Alpha
- TELEFÔNICA BRASIL S.A. ANNOUNCES THE FILING OF ITS ANNUAL REPORT ON FORM 20-F FOR FISCAL YEAR 2023PR Newswire
- VIV vs. TU: Which Stock Should Value Investors Buy Now? [Yahoo! Finance]Yahoo! Finance
VIV
Sec Filings
- 4/29/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- VIV's page on the SEC website