Telecom Italia’s Brazilian subsidiary TIM Brasil has reported a 19.4% year-on-year increase in fourth-quarter revenues to BRL4.7 billion (USD2.7 billion), although net profit fell to BRL405 million in October-December 2011 from BRL1.9 billion a year earlier ago due to a one-off tax benefit. However, for full-year 2011, TIM’s net profit rose by 66% to BRL1.3 billion, on annual revenues which climbed 18% to BRL17.1 billion.
View article:
OVETEL TIM Brasil signs up 4.9m users in Q4, warns no nationwide LTE without 700MHz
No comments:
Post a Comment