Brazil's TIM expects to reap benefits from cost reduction plan in second half of 2019-CEO [Reuters]
TELECOM ITALIA (TI.A)
US:NYSE Investor Relations:
telecomitalia.com/tit/en/investors.html
Company Research
Source: Reuters
Brazil's TIM expects to reap benefits from cost reduction plan in second half of 2019-CEO SAO PAULO, May 8 (Reuters) - Brazilian wireless carrier TIM Participações SA expects to reap the benefits from its cost reduction plan in the second half of 2019, Chief Executive Officer, Pietro Labriola, said on Wednesday. In a call to discuss quarterly results, he added the local subsidiary of Telecom Italia SpA also plans to explore new sources of revenue this year, including Internet of Things (Iot). (Reporting by Gabriela Mello Editing by Chizu Nomiyama) Our Standards: The Thomson Reuters Trust Principles.
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