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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Telefônica Brasil S.A.    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
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Telefonica Brasil SA : 11/07/2011 - Notice of Material Fact - Buyback Share Program

11/07/2011 | 03:35pm EST

TELEFÔNICA BRASIL S.A.

Publicly?held Company

CNPJ MF 02.558.157/0001?62 ? NIRE 35.3.001.5881?4

NOT I CE OF MA T E RI AL FA C T

The management of Telefônica Brasil S.A. ("Company") announces, in accordance with article 2, XV of CVM Instructions Nr. 358/02 as amended, that on this date the members of the Company´s Board of Directors approved, in accordance with article 17, item XV of Bylaws, the acquisition of shares issued by the own company for subsequent cancellation, disposal or maintenance in treasury as pursuant in CVM Instruction Nr. 10/80 as amended, as follows:
(i) Program Objective: acquisition of common and preferred shares issued by the Company for subsequent cancellation, disposal or maintenance in treasury without reduction in the capital stock, for the purpose of increasing shareholder value;
(ii) Resources: The repurchase will be effected through the use of part of the existing capital reserve on June 30, 2011, except the reserves referred in Article 7 subsection (a) to (d) of CVM Instruction Nr. 10/80;
(iii) Deadline: Beginning from the deliberation date of the Board of Directors, remaining in force until November 6, 2012, being the acquisitions carried out in BM&FBOVESPA at market prices and as responsibility of the Board to decide the moment and quantity of shares to be acquired, whether in a single operation, whether in a series of operations, as well as to define the parameters for carrying out the repurchase, within legal limits;
(iv) Quantity of Shares to be acquired: until a maximum of 2,912,734 common shares and until a maximum of 25,207,477 preferred shares, which account for less than 10% of the outstanding shares on this date;

TELEFÔNICA BRASIL S.A.

Publicly?held Company

CNPJ MF 02.558.157/0001?62 ? NIRE 35.3.001.5881?4

(v) Quantity of Outstanding Shares: 31,459,740 common shares and 263,390,231 preferred shares, without considering the shares held by controllers shareholders; and
(vi) Intermediary Financial Institutions: the operation will be carried out through the following broker: Bradesco Corretora S.A. CTVM, headquarter at Avenida Paulista, 1.450 / 7th floor - São Paulo/SP.
São Paulo, November 7, 2011. Gilmar Roberto Pereira Camurra
Investor Relations Officer

Telefônica Brasil S.A.

Investor Relations
Tel: +55 11 3549 7200
Email: ri.telefonicabr@telefonica.com.br Available information: www.telefonica.com.br/investidores


© Publicnow 2011
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Financials
Sales 2020 42 932 M 8 122 M 8 122 M
Net income 2020 4 852 M 918 M 918 M
Net Debt 2020 6 957 M 1 316 M 1 316 M
P/E ratio 2020 15,9x
Yield 2020 8,38%
Capitalization 75 451 M 14 373 M 14 274 M
EV / Sales 2020 1,92x
EV / Sales 2021 1,91x
Nbr of Employees 32 793
Free-Float 72,6%
Chart TELEFÔNICA BRASIL S.A.
Duration : Period :
Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 60,50 BRL
Last Close Price 44,68 BRL
Spread / Highest target 56,7%
Spread / Average Target 35,4%
Spread / Lowest Target 25,3%
EPS Revisions
Managers and Directors
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
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