Tim Participacoes SA (TIMP3.SA)
16 Aug 2018
Latest Key Developments (Source: Significant Developments)
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
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
SAO PAULO, Aug 9 Brazilian telecoms provider TIM Participacoes SA's chief operating officer will step down in the coming months as part of a wider management shake-up, two sources with knowledge of the matter told Reuters on Thursday.