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TIM Brasil Q4 net income rises to 1.9 bln reais

Reuters | February 21, 2011 | Guillermo Parra-Bernal and Raymond Colitt

Feb 21 (Reuters) – TIM Participacoes (TCSL3.SA)(TCSL4.SA), Brazil’s third-largest wireless phone company on Monday reported net income was a higher than forecast 1.9 billion reais ($1.14 billion) in the fourth quarter, compared with 416 million reais a year earlier.

TIM, which is controlled by Telecom Italia (TLIT.MI), was expected to report

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