During the second quarter TIM's liquid earnings totaled US$ 50.3 million, representing a 23.9% drop in the normalized balance sheet (which does not take into account unusual income or expenses).

Revenues in that period reached a total of US$ 769.7 million, which in this case represents a decrease of 6.5% compared to the same period last year. Of that total, US$ 758.1 million corresponded to services, with a drop of 3.5%. Revenues from the mobile business totaled US$ 709.8 million, down 4.2%, while in the fixed business there was growth of 10.8%, with total revenues of US$ 49.3 million.

The company's normalized EBITDA in the second quarter reached US$ 381 million, with an increase of 0.9%, while gross indebtedness increased US$ 190.1 million to reach a total of US$ 2.001,7 billion. Investments in the quarter fell 28.8% and totaled US$ 130.2 million.