New Street Research - Tim Brasil SA (TIMP3) New Street: TIMS3 BZ (Buy, TP: BRL19, +52%) TIM Brasil : CEO meeting notes / Model update

Report

New Street Research

Soomit Datta

EUR 8824.00 For Business Accounts Only

New Street: TIMS3 BZ (Buy, TP: BRL19, +52%) TIM Brasil : CEO meeting notes / Model update

We held an Investor call yesterday with Alberto Griselli and Camille Faria, CEO and CFO of TIM Brasil, running through the ICMS tax reduction, the 5G launch (big splash in Sao Paulo yesterday), Oi’s integration and tower decommissioning (and lease cost projections) and general market conditions in wireless in Brazil.

05/08/2022 1 EN

Underlying

Tim Brasil SA

See profile

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Soomit Datta

Other Reports on these Companies

New Street Research

Global EM Telcos & Towers – On Fire - NSR GEM Top-10 April 25 Update. IHS target to $7.7.

Our picks were on fire in March, with our top EM Telcos now up 27% YTD on average. This note also includes key news & other thoughts catalysts, help investors generate alpha within the EM Telco space.

EUR 8824.00

April 2, 2025 April 2, 2025 1 EN

New Street Research

TIM Brasil (Buy, TP: R$22, +29%) Feedback from small group call with CEO

We hosted a small group Zoom call with TIM Brasil CEO, Alberto Griselli, and Head of IR, Vicente Ferreira last Tuesday. Overall tone was positive

EUR 8824.00

February 25, 2025 February 25, 2025 1 EN

New Street Research

TIM Brasil (Buy, TP: BRL22, +27%) New R$1bn share buyback plan approved; material improvement to overall shareholder remuneration

TIM Brasil has approved a new share buyback plan, up to R$1bn (US$ 173m), which represents a significant uptick in overall shareholder remuneration. This is another positive development following its new medium term guidance. With a net cash position and 14% 2025 FCFE yield, the stock is a compelling Buy and represents one of our Top Picks in EM with a R$ 22 price target.

EUR 8824.00

February 13, 2025 February 13, 2025 1 EN

T-Mobile 1Q25 Results Review & Model Update: Adds in-line; EBITDA strong

This note covers results in detail, updates to guidance, updates to the model, and trending charts. We remain above consensus for net adds and EBITDA (and our EBITDA estimate is conservative). We continue to think T-Mobile is the best positioned in a market with rising competition given lower ARPU, higher capacity, and great momentum. Buy ($308; +19%).

EUR 8824.00

34m 34m 1 EN

James Ratzer

James Ratzer

Vodafone (Buy, 135p, +93%) Vodacom upside undervalued

When talking about Vodafone with market participants, almost all of the discussion tends to be on Germany. However, this morning my colleague Chris has upgraded his estimates for Vodacom and we have increased our target from ZAR150 to ZAR180 – with the full details published here. We believe the positive benefits from Vodacom are being overlooked in the Vodafone share price and we re-visit that thesis in this note with an updated view on Vodafone.

EUR 8824.00

2h / 20m 2h / 20m 1 EN

Chris Hoare

Chris Hoare

Sub-Saharan African Telecoms Vodacom price target to ZAR180; Q4 24 review

Q4 was a solid quarter for the Sub-Saharan African (SSA) operators with trends accelerating across the board. Trends are likely to accelerate further, mainly driven by Nigeria going from Zero to Hero.

EUR 8824.00

2h / 26m 2h / 26m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

New Street: TIMS3 BZ (Buy, TP: BRL19, +52%) TIM Brasil : CEO meeting notes / Model update

Global EM Telcos & Towers – On Fire - NSR GEM Top-10 April 25 Update. IHS target to $7.7.

TIM Brasil (Buy, TP: R$22, +29%) Feedback from small group call with CEO

TIM Brasil (Buy, TP: BRL22, +27%) New R$1bn share buyback plan approved; material improvement to overall shareholder remuneration

T-Mobile 1Q25 Results Review & Model Update: Adds in-line; EBITDA strong

Vodafone (Buy, 135p, +93%) Vodacom upside undervalued

Sub-Saharan African Telecoms Vodacom price target to ZAR180; Q4 24 review

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe