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TIM Brasil to reduce investments in Brazil by 11% by 2018

Wednesday 27 July 2016 | 17:31 CET | News
TIM Brasil will cut its investment plan until 2018 by about 11 percent, taking advantage of the period of weak economic growth to bargain discounts with suppliers, while investing to expand its 3G and 4G networks, reports Reuters. Speaking to analysts, the president of TIM, Stefano de Angelis said the operator should start presenting better results in the second half of 2016, boosted by the macro-economic and political situation in Brazil. He added that part of the growth will come from the use of the 700 MHz frequency band for the implementation of 4G services. To this end, the operator

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Categories: General
Companies: TIM Brasil
Countries: Brazil
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