Brazil's TIM may benefit from Telecom Italia's network sale
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 13 2024
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Source: Yahoo Finance
- TIM Brasil's CEO Optimistic: Alberto Griselli, CEO of TIM Brasil, sees potential business growth in Brazil after Telecom Italia's agreement to sell its physical network.
- Brazil as Group's Priority: Griselli highlights Brazil as Telecom Italia's main focus and a significant contributor to the company's earnings.
- Increased Investment Opportunities: With fewer restrictions from the parent company, TIM Brasil could have more flexibility to invest in Brazil.
- Financial Impact of Network Sale: The sale of Telecom Italia's fixed-line network to KKR could lead to improved capital structure and financial maneuverability for TIM Brasil.
- Credit Rating Upgrade: Moody's raised Telecom Italia's credit rating to Ba3 with a positive outlook following the antitrust approval of the network sale deal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
