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Tim Participacoes SA (TIMP3.SA)

TIMP3.SA on Sao Paulo Stock Exchange

13.35BRL
4:06pm EDT
Change (% chg)

R$ 0.05 (+0.38%)
Prev Close
R$ 13.30
Open
R$ 13.23
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R$ 13.45
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R$ 13.18
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3,933,201
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R$ 16.22
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R$ 9.14

Latest Key Developments (Source: Significant Developments)

Joao Cox is new chairman of TIM Participações, new board members named- Filing
Friday, 16 Mar 2018 03:12pm EDT 

March 16 (Reuters) - Tim Participacoes Sa ::JOAO COX IS NEW CHAIRMAN OF THE BOARD OF TIM PARTICIPAÇÕES- FILING.MARIO PEREIRA DE ARAUJO, FORMER CHAIRMAN, AS WELL AS BOARD MEMBERS MANOEL HORACIO DA SILVA, ENRICO ZAMPONE, SABRINA VALENZA AND NICOLETTA MONTELLA, HAVE RESIGNED.TIM BOARD ELECTS AS NEW BOARD MEMBERS CELSO LUIS LODUCCA AND PIERGIORGIO PELUSO.  Full Article

Telecom Italia may again pay dividends on ordinary shares in next 3 yrs
Tuesday, 6 Mar 2018 11:27pm EST 

March 7 (Reuters) - Telecom Italia CEO Amos Genish says: :MAY DECIDE TO PAY OUT DIVIDENDS ON ORDINARY SHARES OVER 2018-20 PLAN IF IT MEETS FINANCIAL TARGETS, HAS NOT TAKEN DECISION ON THIS YET.CONVERSION OF SAVINGS SHARES COULD COME TO TABLE AT SOME POINT, HAS NOT BEEN DISCUSSED BY BOARD ON TUESDAY.WHEN ASKED ABOUT ELLIOTT'S INVESTMENT, SAYS WELCOMES ANY DIALOGUE THAT IS CONSTRUCTIVE, ANY INPUT TO IMPROVE SHAREHOLDER VALUE.JOINT-VENTURE WITH VIVENDI'S CANAL+ PUT ON HOLD, WILL CONTINUE ON STANDALONE BASIS THROUGH PARTNERSHIPS, POSSIBLY ALSO WITH CANAL+.I SQUARED DOING DUE DILIGENCE ON PERSIDERA UNIT, EXPECTS TO HEAR IN NEXT 10 DAYS WHETHER I SQUARED WANTS TO MAKE BINDING OFFER FOR IT.PREMATURE TO TALK ABOUT POTENTIAL TIE-UP WITH BRAZIL'S OI, SAYS TIM BRASIL HAS SIGNIFICANT STANDALONE VALUE CREATION AND MUST BE CAREFUL NOT TO JEOPARDIZE WITH NON-VALUE CREATIVE M&A.SAYS WITH 5G APPROACHING, INWIT UNIT BECOMING EVEN MORE STRATEGIC, NO MUCH ROOM TO SELL MORE SHARES WITHOUT LOSING CONTROL.DOES NOT PLAN FOR INWIT TO BECOME INTERNATIONAL TOWER COMPANY.WHEN ASKED ABOUT POSSIBILITY OF CREATING ONE SINGLE NETWORK COMPANY WITH RIVALS, SAYS IT'S A BUSINESS DECISION THAT NEEDS TO BE TAKEN BY COMPANIES INVOLVED, IT'S NOT A POLITICAL DECISION.MORE THAN HAPPY TO SIT DOWN WITH ELLIOTT TO DISCUSS WHAT CHANGES THEY WANT TO PROPOSE.ELLIOTT NEEDS TO BE MORE SPECIFIC REGARDING GOVERNANCE PROPOSALS, NEEDS TO SPEAK TO BOARD AND SHAREHOLDERS AT AGM.SHARES EXTEND LOSSES AFTER CEO COMMENTS, DOWN 2 PCT .  Full Article

Telecom Italia board approves network separation project
Tuesday, 6 Mar 2018 05:10pm EST 

March 6 (Reuters) - Telecom Italia says: :BOARD APPROVES PROJECT FOR THE VOLUNTARY SEPARATION OF THE FIXED ACCESS NETWORK.PROPOSES TO CREATE A SEPARATE LEGAL ENTITY 100% CONTROLLED BY TIM.  Full Article

Telecom Italia CEO says Brazil unit strategic, open to explore options for INWIT
Friday, 10 Nov 2017 09:32am EST 

Nov 10 (Reuters) - Telecom Italia CEO Amos Genish tells analysts in a post-results conference call: :sees TIM Brasil as strategic asset for company, a lot of value could be created in unit in coming years.open to various possibilities regarding tower unit INWIT, important but not strategic asset.  Full Article

TIM Participacoes appoints new CFO
Monday, 5 Sep 2016 09:10am EDT 

TIM Participacoes SA : Said on Friday that the board of directors had agreed to appoint Adrian Calaza as new chief financial officer to replace Guglielmo Noya .The appointment is subject to obtaining of the relevant visa.  Full Article

Vivendi CEO has open mind on potential Telecom Italia-Mediaset merger
Tuesday, 26 Jul 2016 05:18am EDT 

Vivendi CEO Arnaud de Puyfontaine says: Has an open mind regarding the potential of a future Telecom Italia-Mediaset merger but nothing on the table at the moment . Very happy with results statement Telecom Italia will present later on Tuesday . No plan for a deal between Telecom Italia and Orange . No plan to sell TIM Brasil for time being but "never say never" . Comfortable with current stake in Telecom Italia . Could imagine Telecom Italia being a consolidator one day Further company coverage: [MS.MI] [TLIT.MI] [VIV.PA] (Reporting by Milan Newsroom).  Full Article

Brazilian carrier TIM Participações to pay Telecom Italia for brand use

SAO PAULO, May 17 Brazilian carrier TIM Participações SA said on Thursday it will pay royalties to its controlling Telecom Italia Spa for brand use, according to a securities filing.