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.
The following slide deck was published by TIM Participações S.A. in conjunction with this event....
TIM Participações (TSU): Q2 GAAP EPS of R$0.11.Revenue of R$3.99B (-6.3% Y/Y)Press Release...
Brazilian wireless carrier TIM Participacoes SA can thrive even if its joint bid for Oi's mobile assets fails, Chief Executive Pietro Labriola said on Thursday, as the company foresees better results despite the pandemic. TIM Participacoes and rivals Telefonica Brasil SA and America Movil's Claro on Monday night raised their joint offer to acquire Oi's mobile assets, including spectrum, to 16.5 billion reais ($3.20 billion) after the bankrupt carrier entered exclusive talks with another bidder. "The deal is especially important for TIM, which would extract sizable synergies and potentially close the spectrum gap to its peers," analysts at BTG Pactual said in a report.
* Mexico's GDP falls to record 17.3% in second quarter * Brazil hits record 69,000 daily coronavirus cases * Argentina may delay debt restructuring deadline amid impasse By Shreyashi Sanyal July 30 (Reuters) - Mexico's peso was set for its worst day in two weeks on Thursday after data showed Latin America's second biggest economy contracted by double digits in the second quarter, while other currencies in the region slipped on surging coronavirus cases. With Mexico still struggling with its coronavirus outbreak, and the U.S. recovery seemingly losing steam, the rebound in Mexico's economy will be slow over the coming quarters, said Nikhil Sanghani, assistant economist at Capital Economics.
Digital Colony, a private equity firm backed by U.S. real estate investor Thomas Barrack and Digital Bridge Holdings, has delivered a bid for the mobile unit of bankrupt Brazilian carrier Oi SA, two sources familiar with the matter said. Focused on investing in digital infrastructure in Canada, Latin America and Europe, Digital Colony is interested in Oi's mobile fixed assets, not necessarily in providing telecom services directly to consumers, the sources said. Digital Colony could seek partnerships with other telecoms players to provide them with services using its infrastructure if it proceeds with the deal, which could also involve further asset sales down the road, one of the sources said.
Brazilian telecoms firm Algar Telecom SA has joined efforts with U.S. fund Digital Colony to make a bid for the mobile unit of bankrupt carrier Oi SA, local newspaper Valor Economico said on Tuesday, citing two unnamed sources. The bid competes with at least one other offer jointly presented by the country's major telecoms operators: TIM Participacoes S, Telefonica Brasil SA and America Movil's Claro, the media outlet added. The three carriers proposed the minimum price of 15 billion reais ($2.81 billion) set up by Oi for its mobile unit and certain conditions that could imply a discount, the sources told Valor.
* Brazilian stocks at over four-month high * Real set for best day in nearly three weeks * Argentine peso continues to weaken (Adds background, updates prices) By Susan Mathew and Ambar Warrick July 20 (Reuters) - Most Latin American currencies came off early losses on Monday, trading higher amid increased bets for a COVID-19 vaccine after a wave of positive early-trial data. Early data from trials of three potential coronavirus vaccines released on Monday, including a closely watched candidate from Oxford University, increased confidence that a vaccine can train the immune system to recognize and fight COVID-19 without serious side effects. Most Latin American currencies gained on the news, with analysts positing improvement in regional risk assets as more countries in the region scale...
Chile's peso rose as much as 0.6% after government officials presented the plan on Sunday as the infection rate of the novel coronavirus disease improved in some regions of the country. Chile has so far reported 330,000 confirmed cases and more than 8,500 deaths related to COVID-19. In Mexico, deaths from the disease rose to 39,184, while the total number of cases stood at 344,224 as of Sunday.
TIM Participacoes, Telefonica Brasil and America Movil SAB de CV presented a joint offer for the mobile unit of bankrupt Brazilian carrier Oi Group, according to filings by the companies on Saturday. Oi said there was a second offer, but it did not disclose details. According to two sources with knowledge of the matter, the other party is a foreign strategic player with a small presence in Brazil.