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TIM SA ADR - Stock Quote TIMB

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Morningstar's TIM SA ADR Stock Analysis

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The Oi Acquisition Should Add Scale but We Expect TIM Will Lag Rivals Over Time

Business Strategy and Outlook

| Michael Hodel, CFA |

TIM, 67%-owned by Telecom Italia, is one of the largest wireless carriers in Brazil, claiming about 20% market share based on customers served. With the planned Oi transaction nearing completion, TIM will carve that firm up with its two primary rivals, America Movil and Telefonica Brazil, pushing TIM’s market share up to about 27%. In addition to adding scale, consolidating the Brazilian wireless industry should improve the competitive dynamics in what has been a very difficult environment. While we expect TIM will generate steady results in the coming years, we believe the firm’s modest fixed-line footprint leaves it at a disadvantage to both its larger competitors.

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Key Statistics - TIMB

TIM SA ADR's Company Profile

Business Description

TIM is one of the top three wireless carriers by subscribers in Brazil, with 52 million subscribers, equal to about 20% of the market. TIM also owns some fixed-line assets, including an extensive long-haul fiber network and local networks that reach about 6.7 million locations (a bit less than 10% of the country). The firm is investing to expand its fiber network to more customer locations, including through its minority ownership in an infrastructure partnership. TIM leases capacity on the venture's network to serve retail customers. The company is 67%-owned by Telecom Italia.

Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212
Rio de Janeiro, RJ, 22775-057, Brazil
T +55 2141094167
Industry Telecom Services
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 9,337

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