UPDATE 1-Brazilian telecom TIM Participacoes beats quarterly profit estimates

(Adds details on EBITDA, non-recurring items)

RIO DE JANEIRO, July 30 (Reuters) - Brazilian wireless carrier TIM Participacoes SA posted on Tuesday a 26% rise in second-quarter net profit compared with the same period a year before when adjusted for one-off factors, beating market expectations.

In a securities filing, the local subsidiary of Telecom Italia SpA said its quarterly net income hit 423 million reais, above a consensus estimate of 354 million reais compiled by Refinitiv, which the company attributed in part to growth among its higher-end offerings, such as post-paid cellular plans.

Earnings before interest, taxes, depreciation and amortization (EBIDTA), also adjusted for one-off factors, grew by 6.2% from a year ago to 1.616 billion reais. Analysts on average expected EBITDA of 1.805 billion reais, according to Refinitiv data.

The company’s figures were significantly affected by non-recurring positive tax credits in the second quarter. If the effect of the tax credits and other non-recurring items were included in the results, TIM Participacoes would report a net income of 2.103 billion reais, the company said. (Reporting by Gram Slattery; Editing by Sandra Maler and Jonathan Oatis)