 |
Quotes delayed 20 minutes
|
Buy (2.90 out of 4)
37th percentile
|
|
|
 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Saturday, August 17, 1:27 PM
Slide #223. Telefonica Brasil S.A. — Preferred Stock Offering
| Company: |
Telefonica Brasil S.A. (NYSE:VIV) |
| Date announced: |
4/28/2015 |
| Shares Offered: |
29,591,758 |
| Date of Pricing: |
4/28/2015 |
| Price Per Share: |
$16.08 |
| Preferred Stock Offering Details: |
Telefonica Brasil S.A. (NYSE: VIV; BOVESPA: VIVT3.ON and VIVT4.PN) ("Telefonica Brasil") announced today the pricing of the previously announced global offering of 236,803,588 preferred shares, including 29,591,758 preferred shares in the form of American Depositary Shares ("ADSs"), each of which represents one preferred share of Telefonica Brasil. The preferred shares were offered at a price of R$47.00 per preferred share or US$16.08 per ADS. Telefonica Brasil has granted the international and Brazilian underwriters the option, exercisable until May 7, 2015, to purchase up to 6,282,660 additional preferred shares at the public offering price. The global offering is expected to close on or about May 4, 2015, subject to customary closing conditions. |
Telefonica Brasil is a holding company. Through its subsidiaries and associated companies, Co. is engaged throughout Brazil in rendering Fixed Switched Telephone Service Concession Arrangement ("STFC"); Multimedia Communication Service ("SCM", data communication, including broadband internet); Personal Mobile Service ("SMP"); and Conditioned Access Service ("SEAC" - Pay TV) by means of DTH (a satellite technology), IPTV and cable technologies. Co.'s broadband accesses with speeds higher than 34 Mbps in the state of São Paulo. Co.'s commercial distribution network (marketed under the Vivo brand), as of Dec 31 2017, consisted of 295 own sales outlets throughout Brazil.
 Open the VIV Page at Preferred Stock Channel »
Open the VIV Page at Preferred Stock Channel (in a new window) »
|
|
