Telefonica Brazil Implements Its Reconstruction Plan

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Telefonica Brazil Implements Its Reconstruction Plan Telefonica Brazil Implements Its Reconstruction PlanTelefonica Brazil Implements Its Reconstruction Plan


19 June 2011

Telefonica Brazil made one more step on the way to unite company’s wireline and wireless operations under the single unit by simplifying company’s shareholding structure of the both wireless and wireline units.
In the frames of the new structure, Telefonica's major Brazil-based company, Telecomunicacoes de Sao Paulo SA, is expected to oversee the Vivo SA mobile phone operation through doing away with the holding company, Vivo Participacoes SA.
Telefonica has already performed most of company’s restructuring work in Brazil.
Telesp not only bought the shares in Vivo Participacoes, but became the major listed company for Telefonica's Brazil's operations.

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