Brazilian telecommunications company TIM SA said on Sunday night it expected the purchase of part of Oi SA’s mobile systems in the country would lead to the creation of a total of 19 billion reais ($ 3.96 billion) in the company.
TIM, which is controlled by Italy’s Telecom Italia SpA, said the current price index (NPV) takes into account business-related synergies and infrastructure. The minimum limit is set at 16 billion reais. TIM, managed by Italy’s Telecom Italia SpA, said the current price index (NPV) had taken into account trade and infrastructure. The lower limit of the scale was 16 billion reais.
According to the company, 45% of such synergies should be taken by 2030. TIM agreed to buy Oi mobile services at auction in late 2020, when it made a joint bid of 16.5 billion reais with its rivals Telefonica Brasil SA and Claro, a subsidiary company. of Mexico’s America Movil SAB de CV. The deal was closed last week after a major overhaul of regulations, and TIM’s national market share now appears to be 27%, up from 20% at the end of last year.
TIM said at the launch of the agreement it was planned to increase revenue and earnings before interest rates, taxes, depreciation and amortization (EBITDA) by 1.8 billion and 1.1 billion reais, respectively, for the remaining eight months of 2022. Purchase is a game-changer The acquired spectrum and network will reduce future capex needs (higher costs) and increase cash flow,”added the company, noting that its capex-to-revenue ratio was expected to reach a percentage of young people by 2030 we are from about 20. % yet.
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