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General

TIM Brasil sees Q2 revenue drop 8.8%

Tuesday 26 July 2016 | 13:45 CET | News
TIM Brasil reported net revenue down 8.8 percent annually and 2.7 percent from Q1 to BRL 3.82 billion, hurt by the slowdown in the mobile market. Mobile revenue dropped 6.8 percent to BRL 3.39 billion, hurt by the economic weakness and termination rate cuts, while fixed revenues were up 15.1 percent to BRL 183 million. EBITDA declined 6.5 percent to BRL 1.20 billion.

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Categories: General
Companies: TIM Brasil
Countries: Brazil
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