Edition:
United Kingdom

TIM Participacoes SA (TIMP3.SA)

TIMP3.SA on Sao Paulo Stock Exchange

11.97BRL
21 Aug 2019
Change (% chg)

R$ 0.13 (+1.10%)
Prev Close
R$ 11.84
Open
R$ 12.10
Day's High
R$ 12.14
Day's Low
R$ 11.71
Volume
13,083,500
Avg. Vol
5,093,034
52-wk High
R$ 13.08
52-wk Low
R$ 10.43

Latest Key Developments (Source: Significant Developments)

Telecom Italia CEO says ready to discuss combining networks with Open Fiber - report
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Telecom Italia (TIM) Chief Executive Luigi Gubitosi says in an interview with Corriere della Sera daily::READY TO DISCUSS WITH OPEN FIBER COMMERCIAL ACCORDS, CO-INVESTMENTS AND POSSIBLE NETWORK COMBINATION .TOWER UNIT INWIT CAN PLAY IMPORTANT ROLE IN A MARKET LOOKING FOR SYNERGIES.WORKING ON PLAN TO RELAUNCH CABLE UNIT SPARKLE WHICH IS STRATEGIC BUT HAS BEEN NEGLECTED.SAYS TIM BRASIL DID WELL IN 2018 AND IS EXPECTED "TO STRENGTHEN ITS POSITION" .MARKET EXPECTS GROUP TO IMPROVE ORGANIC CASH GENERATION, PUT AN END TO SHAREHOLDER CONFLICTS AND INDICATE HOW IT PLANS TO EXTRACT VALUE FROM ASSETS WHERE POSSIBLE .CONFIDENT IT CAN CUT COSTS FURTHER AND KEEP MARKET LEADERSHIP IN ANSWER TO QUESTION OVER NEW BUSINESS PLAN .  Full Article

Brazilian Antitrust Watchdog Cade Approves Telecom Infrastructure Sharing By Tim And Oi- Statement
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Tim Participacoes SA ::BRAZILIAN ANTITRUST WATCHDOG CADE APPROVES TELECOM INFRASTRUCTURE SHARING BY TIM AND OI- STATEMENT.CADE SAYS INFRASTRUCTURE SHARING IS BENEFICIAL TO CONSUMER, "COST TO CLIENTS OF BOTH COMPANIES FELL SINCE AGREEMENT".  Full Article

Telecom Italia CEO says board not discussing any changes to business plan
Thursday, 17 May 2018 

May 17 (Reuters) - Telecom Italia CEO Amos Genish tells analysts on a post-results call: :SHIFT TO FULL-MONTH BILLING WILL BE MOSTLY FELT IN Q2.NOT WORRIED ABOUT CHANGES IN ITALIAN GOVERNMENT, BELIEVES ANY NEW GOVERNMENT WILL BE INTERESTED IN FAVOURING NETWORK INVESTMENTS.FEELS HAS FULL SUPPORT FROM NEW BOARD TO DELIVER 2018-20 BUSINESS PLAN.CHANGE TO FULL-MONTH BILLING WILL HAVE IMPACT OF ONLY "TENS OF MILLIONS OF EUROS OVER THE YEAR".EXPECTS NEGOTIATION PROCESS WITH REGULATOR ON PROPOSED SEPARATION OF NETWORK TO BE CONCLUDED BY YEAR-END.ASKED ABOUT STATE LENDER CDP'S PARALLEL INVESTMENT IN OPEN FIBER, SAYS SO FAR SEES NO CONFLICT OF INTEREST, CDP ONLY A FINANCIAL INVESTOR IN TIM.TOWERS UNIT INWIT IS STRATEGIC, BRAZIL UNIT ALSO STRATEGIC AND NOT FOR SALE.ANY CONSOLIDATION OPPORTUNITIES IN BRAZILIAN MARKET SHOULD BE ASSESSED CAREFULLY, UNIT LUCRATIVE ASSET ON A STANDALONE BASIS.NO CHANGES TO BUSINESS PLAN BEING DISCUSSED AT BOARD LEVEL.HAS OPEN MIND REGARDING POTENTIAL IPO OF FIXED LINE NETWORK, REITERATES COMPANY INSISTS ON KEEPING CONTROL.  Full Article

Telecom Italia CEO says Brazil unit strategic, open to explore options for INWIT
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Telecom Italia CEO Amos Genish tells analysts in a post-results conference call: :sees TIM Brasil as strategic asset for company, a lot of value could be created in unit in coming years.open to various possibilities regarding tower unit INWIT, important but not strategic asset.  Full Article

UPDATE 2-Shares in Brazil's Oi sink after reports shareholder seeks to change CEO

SAO PAULO, Aug 20 Shares in Brazilian telecoms carrier Oi SA posted heavy losses on Tuesday, after media reports that its largest shareholder, GoldenTree Asset Management, is seeking to replace Oi's Chief Executive Officer Eurico Teles.