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| Name | Symbol | Market | Type |
|---|---|---|---|
| Telefonica Brasil SA | NYSE:VIV | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.01 | 0.12% | 8.41 | 8.4391 | 8.3657 | 8.39 | 260,313 | 16:59:26 |
From Jun 2019 to Jun 2024
Brazilian development bank BNDES will sell its 14.5% stake in Tele Norte Leste Participacoes SA (TNE, TNLP4.BR), or Oi, via auction Thursday as part of a reorganization of the controlling group.
While the auction is notionally open to all comers, the shares in Brazil's largest telecommunications company will be directed towards state-company pension funds Petros and Funcef.
Portugal Telecom SGPS SA (PT, PTC.LB) has been linked to a bid for a minority stake in Oi, if it sells its interest in Vivo Participacoes SA (VIV, VIVO4.BR), Brazil's largest cellphone operator. However a Portuguese bid at the auction is seen as highly unlikely.
-By Alastair Stewart; Dow Jones Newswires; 5511 3544-7072; alastair.stewart@dowjones.com
1 Year Telefonica Brasil Chart |
1 Month Telefonica Brasil Chart |
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