TIM Brasil not for sale, says XP

TIM Brasil not for sale, says XP

Corporate & Sovereign Strategy Equity M&A Brazil Italy Capital Markets Mobile

Italian telecommunications company Gruppo TIM is unlikely to sell its Brazilian subsidiary, TIM Brasil, despite an expected change in government in its home country, according to analysts at brokerage firm XP Investimentos. "The restructuring plan in Italy is being run adequately and to a certain extent independently, which would not require the sale of the asset in Brazil," analysts Bernardo Guttmann and Marco Nardini said in a report of Thursday. "Despite all the noise about the possibility of

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