UPDATE 1-U.S. SEC fines Telefonica Brasil over World Cup tickets [Reuters]
Telefonica Brasil S.A. American Depositary Shares (Each representing One Common Share) (VIV)
US:NYSE Investor Relations:
telefonica.com.br/ir
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Source: Reuters
U.S. SEC fines Telefonica Brasil over World Cup tickets (Reuters) - Telefonica Brasil SA will pay a $4.13 million civil fine to settle U.S. Securities and Exchange Commission charges over incentives provided to 127 government officials in connection with soccer’s 2014 Cup and 2013 Confederations Cup. The SEC on Thursday said Telefonica Brasil’s books failed to accurately reflect payments for tickets and hospitality awarded to officials capable of influencing legislative, regulatory and business activity involving the Sao Paulo-based telecommunications company, Brazil’s largest. It said this violated the books and records and internal accounting controls provisions of the federal Foreign Corrupt Practices Act, an anti-bribery law. Telefonica Brasil, which sells services under the Vivo brand and is a unit of Spain’s Telefonica SA, did not admit or deny wrongdoing in agreeing to settle. In a statement confirming the settlement, Telefonica Brasil said it has a strong code of ethics, and
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News
- 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
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- VIV vs. TU: Which Stock Should Value Investors Buy Now? [Yahoo! Finance]Yahoo! Finance
- 4Q23 and 2023 Results: Telefônica Brasil S.A.PR Newswire
VIV
Sec Filings
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/16/24 - Form 6-K
- VIV's page on the SEC website