TIM Brasil confirms investments despite currency drop

Wednesday 16 September 2015 | 12:39 CET | News
TIM Brasil will stick to its investment plan, despite a more than 30 percent drop in Brazil's currency this year, CEO Rodrigo Abreu told an analysts meeting reported by Reuters. He said that the operator has worked to renegotiate better terms on imported equipment, but will reduce the extent of some investments in order to stay within its target of around BRL 14 billion in capital spending from 2015 to 2017.

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Categories: General
Companies: TIM Brasil
Countries: Brazil
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