Report
Soomit Datta

New Street: TIM Brasil (Buy) - Non-Deal Roadshow Feedback; Defensive with Oi transaction incremental

We hosted TIM Brasil’s CEO Pietro Labriola, CFO Adrian Calaza, and CTO, Leonardo Capdeville last week for a Virtual Roadshow. Focus was on the relatively defensive nature of the business under current Covid-19 conditions and the Oi deal.
Underlying
TIM SA (Brazil)

TIM Participacoes is holding company. Through its subsidiaries in various telecommunications markets throughout Brazil, Co. operates mobile, fixed and long distance telephony, data transmission and ultra-broadband (speeds of more than 34 MB per second, or Mbps) services. Co. offers extensive data coverage throughout Brazil, with Co.'s general packet radio services technology, or GPRS, covering 100% of Co.'s coverage area and Co.'s EDGE technology reached almost 95% of Co.'s coverage area, in addition to Co.'s 3G and 4G network covering approximately 89% and 74%, respectively, of the urban population of Brazil.

Provider
New Street Research
New Street Research

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Analysts
Soomit Datta

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