Convergencia Research, Consultoría especializada en Latinoamérica y Caribe
Wednesday, December 04, 2019

TIM expects to invest US$2.972 billion in the 2020-2022 triennium

The Board of Directors of TIM Brasil presented its industrial plan for the 2020-2022 triennium, in which it is expected that the level of investments will reach a total of US$2.972.3 billion, while the expectation of revenue growth will be placed between 3% and 5% in local currency.

It should be borne in mind that during 2020 there is a possibility that the company may have to make additional investments in the case of making an offer for the purchase of Oi's mobile business, and also regarding its participation in the spectrum tender for 5G.

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