TIM Brasil

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TIM Participações S.A.
Type Sociedade Anônima
Traded as BM&F BovespaTIMP3
NYSETSU
Industry Telecommunications
Founded 1995
Headquarters Rio de Janeiro, Brazil
Key people Manoel Horácio Francisco da Silva, (Chairman)
Rodrigo Modesto de Abreu (CEO) [1]
Products Fixed line, Mobile phone, GSM, Internet Mobile
Revenue Increase US$ 8.4 billion (2013) [2]
Net income Increase US$ 634.7 million (2013)[3]
Employees 10,300
Parent TIM
Website www.tim.com.br
www.timparti.com.br

TIM Participações or TIM Brasil is the Brazilian subsidiary of Telecom Italia Mobile an Italian telecommunications company, which owned 67% of the company as of 2014.[4] TIM Participações started its activities in Brazil in 1998 and since 2002 has consolidated its national presence, becoming the first mobile company present in all Brazilian States and have more than 70.9 million customers.

The Company, through the GSM technology, has a national reach of approximately 93% of urban population and offers services to mobile and fixed telephony, data transmission and Internet access at high speed, bringing the convergence of services for all its customers in a single company.

TIM Participações its headquartered in Rio de Janeiro and its listed in BM&F Bovespa and NYSE, in São Paulo and New York exchanges respectively.

On May 5, 2012 TIM's chairman Luca Luciani resigned from all of his duties at TIM either in Brazil or Italy. There were charges concerning scams about the activation of SIM cards for deceased and non-existing.

Products and services[edit]

TIM LIVE is a broadband internet service provided in some locations from São Paulo and Rio de Janeiro, which uses the VDSL2 technology, currently in two speeds: 35 Mbit/s down (20 Mbit/s up) and 50 Mbit/s down (30 Mbit/s up).[5]

TIM has announced investiments up to R$ 100 million/year, within the R$ 3 billion available from the group investiment plan. The acquisition from the AES Atimus network in the amount of R$ 1.5 billion allowed a great deal of this operation to be possible. The company is still studying the possibility of expanding this service to other cities.[6]

References[edit]

  1. ^ "Conselho da TIM aprova nomeação de Luca Luciani como presidente". Reuters (in Portuguese). Abril. Retrieved March 24, 2012. 
  2. ^ Marcio Orsolini (February 22, 2011). "TIM encerra 2010 com lucro de R$ 2,2 bilhões". Abril. Exame. Retrieved March 24, 2012. 
  3. ^ "Lucro da TIM avança 353% no trimestre, para R$ 1,884 bi". Agência Estado (in Portuguese). Época Negócios. February 22, 2011. Retrieved March 24, 2012. 
  4. ^ Lepido, Daniele (December 19, 2014). "Telecom Italia Said to Favor All-Stock Bid for Tim-Oi Merger". Bloomberg News. 
  5. ^ Thássius Veloso (July 31, 2012). "Fibra ótica da TIM custa R$ 89,90 com 35 Mbps" (in Portuguese). Tecnoblog. Retrieved October 29, 2012. 
  6. ^ "TIM investirá R$ 100 mi por ano para ampliar banda larga no país". Reuters (in Portuguese). Folha de S. Paulo. August 30, 2012. Retrieved October 29, 2012.