PreferredStockChannel
Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Sat, December 4, 2:19 AM
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Slide #331. 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 mobile telecommunications company in Brazil. Co. is also the fixed telecommunications company in the state of Sao Paulo. Co. markets its mobile services under its Vivo brand. Co. provides its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband (based on its Fiber to the Home and Fiber to the Curb infrastructure), Pay TV, information technology and digital services (such as entertainment, cloud, security and financial services). Co. also has a distribution network of the sector, where its clients can obtain certain services, such as purchasing credit for prepaid phones.
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Avg. Broker Rec.
 
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Hold (2.00 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com |
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