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Tim Participacoes SA (TIMP3.SA)

TIMP3.SA on Sao Paulo Stock Exchange

11.43BRL
17 Oct 2018
Change (% chg)

R$ 0.04 (+0.35%)
Prev Close
R$ 11.39
Open
R$ 11.34
Day's High
R$ 11.50
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R$ 11.31
Volume
3,288,300
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4,317,891
52-wk High
R$ 16.22
52-wk Low
R$ 11.21

Latest Key Developments (Source: Significant Developments)

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-Brazil's far-right Bolsonaro: No coalition politics in cabinet picks

BRASILIA/SAO PAULO, Oct 9 Far-right Brazilian presidential candidate Jair Bolsonaro vowed on Tuesday to appoint non-partisan ministers, breaking with the tradition of building cabinets through coalitions, as part of his bid to tackle graft in Latin America's largest economy.