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TIM Participacoes SA

TIMP3.SA

Latest Trade

12.30BRL

Change

0.00(0.00%)

Volume

8,200

Today's Range

12.21

 - 

12.62

52 Week Range

10.43

 - 

13.08

As of on the Bolsa de Valores do Estado de Sao Paulo ∙ Minimum 15 minute delay

Latest Developments

Tim Participacoes Q4 Normalised Net Income 592 mln reais

Feb 20 (Reuters) - Tim Participacoes SA <TIMP3.SA> says::Q4 TOTAL NET REVENUES UP 5.2 PERCENT Y/Y TO 4.48 BILLION REAIS.Q4 NORMALISED NET INCOME 592 MILLION REAIS, DOWN 2.1 PERCENT Y/Y.

Telecom Italia CEO says ready to discuss combining networks with Open Fiber - report

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 .

Brazilian Antitrust Watchdog Cade Approves Telecom Infrastructure Sharing By Tim And Oi- Statement

Nov 7 (Reuters) - Tim Participacoes SA <TIMP3.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".

Telecom Italia CEO says board not discussing any changes to business plan

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.

Elliott says in favour of Telecom Italia management, including CEO

April 9 (Reuters) - Activist investor Elliott says in a presentation to Telecom Italia investors::IN FAVOUR OF TELECOM ITALIA'S CURRENT MANAGEMENT TEAM, INCLUDING CEO.SEES ENTERPRISE VALUE FOR TELECOM ITALIA'S FIXED LINE NETWORK ONCE SEPARATED AT 15 BILLION EUROS, THAT OF SPARKLE AT 2 BILLION EUROS.SEES ENTERPRISE VALUE OF TELECOM ITALIA'S SERVICE ASSETS EXCLUDING NETWORK AND SPARKLE AT 17 BLN EUROS.SEPARATION OF TELECOM ITALIA'S NETWORK ASSETS WOULD LEAD TO RE-RATING OF SERVICE OPERATIONS, CREATING 7 BLN EUROS IN ADDITIONAL VALUE.ELLIOTT SAYS SEPARATION OF TELECOM ITALIA'S NETWORK ASSETS, INCLUDING STAKE SALE & MOVING PART OF DEBT INTO NETCO, COULD HALVE GROUP'S NET DEBT TO 12 BILLION EUROS.ITS PLAN FOR TELECOM ITALIA INCLUDES KEEPING CONTROL OF BRAZIL BUSINESS, POSSIBLY COMBINE LATTER WITH LOCAL PEERS.ITS PLAN FOR TELECOM ITALIA INCLUDES SELLING DOWN FURTHER STAKE IN TOWER UNIT INWIT.

Joao Cox is new chairman of TIM Participações, new board members named- Filing

March 16 (Reuters) - Tim Participacoes Sa <TIMP3.SA>::JOAO COX IS NEW CHAIRMAN OF THE BOARD OF TIM PARTICIPAÇÕES- FILING.MARIO PEREIRA DE ARAUJO, FORMER CHAIRMAN, AS WELL AS BOARD MEMBERS MANOEL HORACIO DA SILVA, ENRICO ZAMPONE, SABRINA VALENZA AND NICOLETTA MONTELLA, HAVE RESIGNED.TIM BOARD ELECTS AS NEW BOARD MEMBERS CELSO LUIS LODUCCA AND PIERGIORGIO PELUSO.

Telecom Italia may again pay dividends on ordinary shares in next 3 yrs

March 7 (Reuters) - Telecom Italia CEO Amos Genish says: :MAY DECIDE TO PAY OUT DIVIDENDS ON ORDINARY SHARES OVER 2018-20 PLAN IF IT MEETS FINANCIAL TARGETS, HAS NOT TAKEN DECISION ON THIS YET.CONVERSION OF SAVINGS SHARES COULD COME TO TABLE AT SOME POINT, HAS NOT BEEN DISCUSSED BY BOARD ON TUESDAY.WHEN ASKED ABOUT ELLIOTT'S INVESTMENT, SAYS WELCOMES ANY DIALOGUE THAT IS CONSTRUCTIVE, ANY INPUT TO IMPROVE SHAREHOLDER VALUE.JOINT-VENTURE WITH VIVENDI'S CANAL+ PUT ON HOLD, WILL CONTINUE ON STANDALONE BASIS THROUGH PARTNERSHIPS, POSSIBLY ALSO WITH CANAL+.I SQUARED DOING DUE DILIGENCE ON PERSIDERA UNIT, EXPECTS TO HEAR IN NEXT 10 DAYS WHETHER I SQUARED WANTS TO MAKE BINDING OFFER FOR IT.PREMATURE TO TALK ABOUT POTENTIAL TIE-UP WITH BRAZIL'S OI, SAYS TIM BRASIL HAS SIGNIFICANT STANDALONE VALUE CREATION AND MUST BE CAREFUL NOT TO JEOPARDIZE WITH NON-VALUE CREATIVE M&A.SAYS WITH 5G APPROACHING, INWIT UNIT BECOMING EVEN MORE STRATEGIC, NO MUCH ROOM TO SELL MORE SHARES WITHOUT LOSING CONTROL.DOES NOT PLAN FOR INWIT TO BECOME INTERNATIONAL TOWER COMPANY.WHEN ASKED ABOUT POSSIBILITY OF CREATING ONE SINGLE NETWORK COMPANY WITH RIVALS, SAYS IT'S A BUSINESS DECISION THAT NEEDS TO BE TAKEN BY COMPANIES INVOLVED, IT'S NOT A POLITICAL DECISION.MORE THAN HAPPY TO SIT DOWN WITH ELLIOTT TO DISCUSS WHAT CHANGES THEY WANT TO PROPOSE.ELLIOTT NEEDS TO BE MORE SPECIFIC REGARDING GOVERNANCE PROPOSALS, NEEDS TO SPEAK TO BOARD AND SHAREHOLDERS AT AGM.SHARES EXTEND LOSSES AFTER CEO COMMENTS, DOWN 2 PCT .

Telecom Italia board approves network separation project

March 6 (Reuters) - Telecom Italia says: :BOARD APPROVES PROJECT FOR THE VOLUNTARY SEPARATION OF THE FIXED ACCESS NETWORK.PROPOSES TO CREATE A SEPARATE LEGAL ENTITY 100% CONTROLLED BY TIM.

Telecom Italia CEO says Brazil unit strategic, open to explore options for INWIT

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.

TIM Participacoes appoints new CFO

TIM Participacoes SA <TIMP3.SA>: Said on Friday that the board of directors had agreed to appoint Adrian Calaza as new chief financial officer to replace Guglielmo Noya .The appointment is subject to obtaining of the relevant visa.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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