TIM Participacoes S.A. American Depositary Shares (Each representing 5 Common Shares) (TSU) News
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Below are the latest news stories about Tim Participacoes Sa that investors may wish to consider to help them evaluate TSU as an investment opportunity.
Firm's largest sales of the 1st quarter Continue reading...
TSU earnings call for the period ending March 31, 2020.
Brazilian telecoms firms Telefonica Brasil SA and TIM Participacoes SA are moving ahead with a potential joint bid for rival Oi SA's mobile unit despite the challenges of the COVID-19 outbreak, executives said Wednesday. "We're confident that our strategy is the right one," Telefonica Brasil Chief Executive Christian Gebara told investors on a call, noting it is still early to assess the full extent of the global pandemic. "The level of uncertainty is much higher, but we're not willing to cut costs or capital expenditure that will help us grow and compete in the long term," TIM Chief Executive Pietro Labriola said on a separate call.
TIM PARTICIPAÇÕES S.A.: Filing of annual report on Form 20-F for the year ended in December 31, 2019
RIO DE JANEIRO, Brazil, April 30, 2020 -- TIM Participações S.A. (“Company”) (B3:TIMP3) (NYSE:TSU) hereby informs its shareholders and the market in general that it has filed.
TIM Participacoes S.A. (TSU) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Brazilian telecoms regulator Anatel said on Thursday it was closely monitoring to decide whether to postpone the country's fifth-generation mobile network (5G) spectrum auction due to the coronavirus outbreak while insisting that it remained premature to discuss a delay. "So far, it is still possible to carry out the bidding process at the end of 2020," Anatel said in a statement, noting it is monitoring "how the current scenario evolves" to decide whether the auction should be put off until the first two months of 2021. The regulator has approved spectrum availability and other bidding rules, which are under a public review expected to be concluded by April 17.
Brazilian telecommunications firms have urged the government to postpone a spectrum auction for fifth-generation (5G) mobile network this year, citing the impact of the COVID-19 pandemic on Latin America's largest economy. "In a moment of crisis as such it is difficult to think in a long-term investment," said Marcos Ferreira, head of industry group SindiTelebrasil in Tuesday evening interview, adding that 5G technology will require heavy investments. SindiTelebrasil represents Brazil's main carriers Telefonica Brasil SA, TIM Participacoes SA, America Movil's Claro and Oi SA, among others.
Brazil's largest wireless carrier Telefonica Brasil SA will provide cellphone data to help authorities slow the spread of coronavirus in Sao Paulo state, the epicenter of the disease's outbreak in Latin America's largest country. As part of the cooperation agreement announced on Wednesday, the company operating under the brand Vivo will provide the Sao Paulo government with data on people's movement and concentration of groups to check whether its quarantine rules are being followed, as well as anticipate potential contagion trends. "We've been investing heavily in big data and artificial intelligence in the past five years and when the coronavirus pandemic started we built applications to help fighting it," Vivo's Chief Data Officer, Luiz Medici, told Reuters in a phone interview.
Brazilian wireless carrier TIM Participacoes SA said on Thursday it is partnering with online lender C6Bank to develop combined offers for their customers. "The agreement also provides for the possibility of exploring sales and payment channels synergies, expanding the distribution of offers and optimizing costs," the local subsidiary of Telecom Italia SpA said in a statement. In December, Chief Executive Pietro Labriola told journalists that TIM aimed at launching financial services to pre-paid customers in 2020.
Brazilian wireless carrier TIM Participacoes SA said on Monday it has partnered with Rio de Janeiro's city hall for data analysis that will allow authorities to track displacement and concentration of people in areas affected by the coronavirus outbreak. In a statement, the local subsidiary of Telecom Italia SpA added it will use its antennas spread across Rio de Janeiro to provide real-time data on people's displacement throughout the city. This should allow authorities to identify mobility trends across neighborhoods and ultimately assess whether the population is respecting social isolation measures taken to contain the disease.