TIM SA in talks to buy back majority stake in Brazilian fibre unit, sources say [Yahoo! Finance]
TIM S.A. American Depositary Shares (Each representing 5 Common Shares) (TIMB)
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Source: Yahoo! Finance
?it previously controlled under a deal that could be worth around $170 million, two ?people with knowledge of the matter said. TIM SA, which is majority owned by Telecom Italia, sold the ?stake in I-Systems, which was then called FiberCo, to independent communications infrastructure company IHS Towers in 2021. Global telecom carriers have over the past decade been selling off towers and fibre networks to raise funds and share the heavy investments required to expand communications infrastructure. However, IHS ?Towers, like rival neutral fibre ?operators in Brazil, has struggled to reach the customer scale needed to support a standalone model for I-Systems. The stake in the unit, which ?would give TIM Brasil full operational control of the business, could be valued at around 900 million reais ($171.05 million), said the two people, who declined to be named because the talks are ?not public. TIM COULD APPROVE DEAL AS EARLY AS FEBRUARY 10 Telecom Italia last month ?mandated T
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TIMB
News
- TIM (NYSE:TIMB) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating.MarketBeat
- The best large cap communications stocks by EPS revisions [Seeking Alpha]Seeking Alpha
- TIM (NYSE:TIMB) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- TIM (NYSE:TIMB) is now covered by analysts at Bank of America Corporation. They set an "underperform" rating and a $24.00 price target on the stock.MarketBeat
- TIM (NYSE:TIMB) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
TIMB
Sec Filings
- 2/3/26 - Form 6-K
- 2/3/26 - Form 6-K
- 1/30/26 - Form 6-K
- TIMB's page on the SEC website