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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.

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Categories: General
Companies: TIM Brasil
Countries: Brazil
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