Brazil wireless carrier TIM's profit falls 16 percent

SAO PAULO Tue Oct 29, 2013 6:58pm EDT

SAO PAULO Oct 29 (Reuters) - TIM ParticipaƧoes SA , Brazil's second-largest wireless phone company, said on Tuesday that third-quarter profit fell 15.6 percent from a year earlier to 315 million reais (US$144 million), according to a securities filing.

The Brazilian unit of Telecom Italia said net income missed an average forecast of 371 million reais in a Reuters survey of six analysts.

Earnings before interest, tax, depreciation and amortization, a gauge of operating profit known as EBITDA, rose 4 percent to 1.25 billion reais compared with an average forecast of 1.28 billion reais.

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