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Tim Participacoes SA (TIMP3.SA)

TIMP3.SA on Sao Paulo Stock Exchange

11.96BRL
17 Nov 2017
Change (% chg)

R$ 0.23 (+1.96%)
Prev Close
R$ 11.73
Open
R$ 11.57
Day's High
R$ 12.01
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R$ 11.57
Volume
2,884,300
Avg. Vol
2,978,442
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R$ 12.55
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R$ 7.46

Latest Key Developments (Source: Significant Developments)

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

Vivendi CEO says Telecom Italia remuneration plan in shareholder interest
Wednesday, 25 May 2016 06:12am EDT 

Vivendi Chief Executive Arnaud de Puyfontaine tells a Telecom Italia shareholder meeting: as biggest investor in the Italian phone group, is in favour of Telecom Italia's proposed new remuneration plan . it is in line with shareholder interests Further company coverage: [TLIT.MI] [VIV.PA] (Reporting by Milan newsroom).  Full Article

Telecom Italia CEO says no need for "external capital"
Monday, 16 May 2016 04:57am EDT 

Telecom Italia CEO Flavio Cattaneo tells analyst call: Company does not need any "external capital" . Conversion of savings shares would create value but conditions to do it no longer there CFO Piergiorgio Peluso says: . Sees 80 million euro in labour costs cuts this year, that number to remain constant in 2017, 2018 . Cost cutting plan will help reach stable domestic EBITDA this year which is ratings agencies' main concern Further company coverage: [TLIT.MI] (Reporting by Milan newsroom).  Full Article

Telecom Italia would buy Metroweb at right price, but can also go alone - CEO
Monday, 16 May 2016 04:11am EDT 

Telecom Italia Chief Executive Flavio Cattaneo tells analysts in a conference call: willing to buy Metroweb at "the right price", but company can also execute its broadband plan on its own . declined to comment on ongoing talks to buy Metroweb Further company coverage: [TLIT.MI] (Reporting by Milan newsroom).  Full Article

TIM Participacoes SA announces FY 2015 dividend payment
Tuesday, 15 Mar 2016 03:33pm EDT 

TIM Participacoes SA:Says on April 12 it will propose dividend payment in the total amount of 468.6 million Brazilian reais, corresponding to 0,1936 real per share.Payment to be done on June 10.Record date is April 12.Ex-dividend date is April 13.  Full Article

TIM Participacoes SA - Telecom Italia Brazil unit to lay off up to 1,000 workers -union - Reuters
Thursday, 11 Feb 2016 10:18am EST 

TIM Participacoes SA:TIM Participações SA, the Brazilian telephone unit of Telecom Italia SpA, plans to lay off 800 to 1,000 workers as it restructures operations to boost efficiency, a union representing company workers said on Thursday. - RTRS.Brazilian telecommunications unions have a meeting scheduled for Tuesday to discuss the restructuring, said Luis Antonio Souza, president of SinttelRio and general secretary of Fenattel, a national telecommunications union federation.TIM Participações has 13,600 workers in Brazil."They are in fact doing a restructuring and our estimate is a cut of 800 to 1,000 in various areas, technical, administrative, all areas," Souza said. The biggest cuts are expected in Sao Paulo and in Rio de Janeiro, where the company is based.TIM Participações declined to comment on the layoffs, but said it has been carrying out an efficiency plan designed to make ample changes to company procedures since the second half of last year. The plan aims to save 1 billion reais ($252 million) by the end of 2017.  Full Article

Deals of the day-Mergers and acquisitions

Nov 8 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: