Telefonica Brazil Shares Surge 1.85% Post Tax Dispute!

Telefonica Brazil S.A. rose 1.85% in after-hours trading. The news event related to Canal+ reaching a deal to settle a tax dispute in France, which is expected to have no impact on cash, may have positively influenced the stock price. Canal+ also raised its cash flow from operations forecast to over 500 million euros, indicating a bullish outlook for the company.