TIM Brasil Q3 net profit falls 30% to BRL 390 million

Friday 6 November 2020 | 14:57 CET | News
TIM Brasil ended the third quarter of 2020 with a net profit of BRL 390 million, down 30.6 percent year-on-year. EBITDA fell 1 percent in the quarter to BRL 2.07 billion, with EBITDA margin of 47.3 percent (-1%). Capex was BRL 850 million (-9%), most of it for infrastructure, especially 4G on the 700 MHz band, transport networks and FTTH expansion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: TIM Brasil
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


TIM Brasil Q1 revenues up 3% to BRL 4.3 billion

Published 10 May 2021 10:53 CET | Brazil
TIM Brasil reported first quarter-net revenues of BRL 4.34 billion, up 3 percent year-on-year. Mobile services revenues rose 2.8 ...

TIM Brasil assigned AAA rating at Fitch

Published 19 Nov 2020 14:05 CET | Brazil
Credit rating agency Fitch assigned TIM Brasil an initial long-term rating of AAA(bra), with a stable outlook, the company ...

Telecom Italia revenues down 5% in Q3, spins off data centre business

Published 11 Nov 2020 08:57 CET | Italy
Telecom Italia (TIM) reported an organic 5.0 percent year-on-year decline in revenues to EUR 3.90 billion in the third quarter of ...

TIM Brasil to abolish Infinity daily prepaid plan

Published 26 Oct 2020 13:10 CET | Brazil
TIM Brasil has informed its prepaid customers via SMS that it will no longer offer the Infinity plan daily package. This cost BRL ...

TIM Brasil activates 4G on 700 MHz in more parts of Sao Paulo

Published 26 Oct 2020 10:06 CET | Brazil
TIM Brasil activated its 4G network using 700 MHz spectrum in 117 cities in the state of Sao Paulo, reports Telesintese. As a ...

TIM Brasil improves EBITDA slightly on revenues down 6.5% in Q2

Published 30 Jul 2020 10:25 CET | Brazil
TIM Brasil closed the second quarter of 2020 with a net profit of BRL 260 million, a decrease of 23.9 percent compared to the ...

Telecom Italia revenues down 8% in Q1, confirms FY core profit forecast

Published 19 May 2020 08:58 CET | Italy
Telecom Italia (TIM) confirmed its full-year core profit guidance in spite of an 8.4 percent year-on-year decline in ...