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TIM Brazil doubles profit as subscriber base expands

Thanks to its growing subscriber base, Brazil's second largest wireless carrier, TIM, saw its profit double in the third quarter from the same period a year ago. TIM Participações S.A. (BOVESPA: TIMP3; and NYSE: TSU), which controls directly TIM Celular S.A. and Intelig Telecomunicações Ltda.,...

TIM surpasses Claro as No. 2 in Brazil

It has been a competitive battle for the No. 2 position in Brazil’s mobile phone market. While Vivo has maintained its leadership position, the second position has been a long running dispute between Claro and TIM. What was a slim lead for Claro in June,...

Brazilian carrier Oi confirms Vex acquisition

Brazilian telecom carrier Oi confirmed that it bought Wi-Fi company Vex for R$ 27 million (US $16.8 million). Vex operates more than 40,000 hotspots in Brazil and other countries throughout in Latin America. Bringing Vex to Oi subscribers will allow the operator to differentiate with its mobile...

TIM announces US $726M in revenue and migration to BM&FBovespa list

TIM Brazil announces its second-quarter financial results and its migration to special listing segment called “Novo Mercado” of BM&FBovespa – Bolsa de Valores, Mercadorias e Futuros S.A. During the second quarter, revenue grew 19.5% year over year to R$ 4,25 billion (US $2.7 billion),...

TIM announces US $726M in revenue and migration to BM&FBovespa list

TIM Brazil announces its second-quarter financial results and its migration to special listing segment called “Novo Mercado” of BM&FBovespa – Bolsa de Valores, Mercadorias e Futuros S.A. During the second quarter, revenue grew 19.5% year over year to R$ 4,25 billion (US $2.7 billion),...

Vivo leads Brazilian mobile market; Claro, TIM tied for second place

Brazilian carrier Vivo, which was bought by Spanish operator Telefônica in July 2010, kept its leadership in mobile access during the first half of 2011. According to numbers just released by Anatel, the carrier has just over 64 million users, which  represents 29.47% of market share. TIM, from...

TIM to invest R$ 171 million in fiber optics in Northern Brazil

TIM Brazil had signed a contract with LT Amazon consortium to use their tower transmission lines and power substations to transport TIM cables across 27 cities in the states of Amazonas, Pará and Amapá, in Brazil. TIM will invest around R$ 171 million in...

TIM, Telebrás agree to get mobile Internet to 1,000 Brazilian cities

Telebrás and TIM Brazil announced on July 13 that they have closed a deal to deliver mobile Internet to 1,000 Brazilian cities by the end of 2012. It’s part of a federal program to universalize Internet access in the country. The inititative will be possible using...

TIM buys AES Atimus for US$ 1.01 billion and plans to expand its data offer

Telecom Italia's Brazilian mobile unit TIM Participações SA has bought telecommunications infrastructure operator AES Atimus Group from Companhia Brasiliana de Energia for R$ 1.6 billion (US$1.025 billion), in cash. The acquisition represents a significant expansion of TIM's infrastructure, since it's adding a fiber-optic network...

Telecom Italia to Shuffle Key Roles

Wall Street Journal | March 14, 2011 | Giada Zampano ROME—Telecom Italia SpA's controlling shareholders have agreed to a reshuffle at the helm of Italy's largest phone operator that will see Chief Executive Franco Bernabe moving to the role of executive chairman at the end...