Brazilian telecoms operator TIM Participacoes (TIM Brasil), which is owned by Telecom Italia, booked net profits of BRL346.8 million (USD170 million) for the three months ended 30 June 2012, broadly unchanged year-on-year, but below the BRL397 million average estimate forecast by a Reuters’ survey of analysts.
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OVETEL TIM Brasil: Q2 net income falls short of market forecasts
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