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TI.A - Telecom Italia SpA News Story

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Last Trade - 05/07/19

Sector
Telecoms
Size
Large Cap
Market Cap £9.71bn
Enterprise Value £32.77bn
Revenue £13.60bn
Position in Universe th / 6849

Brazil's TIM and IHS in talks over fiber optic partnership

Thu 4th March, 2021 11:57am
RIO DE JANEIRO, March 4 (Reuters) - A unit of telecoms
infrastructure company IHS has entered exclusive talks with
Brazil's TIM SA  TIMS3.SA  to purchase a stake in the latter's
fiber optic business.
    TIM, owned by Telecom Italia  TLIT.MI , said in a securities
filing on Thursday that the partnership would help to expand the
nation's fiber network. The exclusivity period will last until
March 24, TIM said, without disclosing any financial details.
    

 (Reporting by Gram Slattery
Editing by David Goodman)
 ((gram.slattery@thomsonreuters.com; +55-11-95057-1453))
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