TIM Brasil Reported Strong Revenue Growth and Record Profitability in 4Q; Keeping FVE at $18
TIM Brasil ended fiscal 2017 on a solid note with strong total revenue growth and EBITDA margin at an all-time high. We are pleased with the firm’s execution this quarter, which drove solid postpaid customer additions and impressive pricing growth and expanded its 4G LTE coverage. We also suspect that the wireless market in Brazil continues to experience more manageable competition, which would benefit all four players. However, we still believe that TIM Brasil is at a structurally weak position...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
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