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title: Small shareholders in Telecom Italia recommend merger for TIM Brasil - Developing Telecoms
description: Telecom Italia’s small shareholders are calling for the operator to merge its Brazilian unit TIM Partecipacoes with fellow operator Oi rather than selling it outright.
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 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## Small shareholders in Telecom Italia recommend merger for TIM Brasil

 

 

   Details    James Barton    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     06 November 2014     10850 views   

 

  ![](https://developingtelecoms.com/images/stories/Company_Logos/800x600/telecom_italia.jpg)  

 

Telecom Italia’s small shareholders are calling for the operator to merge its Brazilian unit TIM Partecipacoes with fellow operator Oi rather than selling it outright.

Asati – a shareholder group comprised of 6000 small investors holding a collective 1% stake in Telecom Italia – has expressed its opinion that the operator must not undervalue TIM.

[Oi has previously expressed interest in acquiring TIM Brasil](https://developingtelecoms.com/business/deals/121-operators/5416-oi-readying-bid-for-tim.html), which is considered a likely target for consolidation in the Latin American country. It was recently reported that [Oi had lodged a joint bid for Telecom Italia’s Brazilian unit with rivals Claro and Vivo](https://developingtelecoms.com/business/deals/121-operators/5538-brazilian-operators-plan-to-buy-and-split-up-tim-for-13-1-billion.html), although [the integrated operator denied this.](https://developingtelecoms.com/business/deals/121-operators/5546-oi-denies-tim-joint-bidding-partnership.html)

While TIM’s Q3 results saw an increase of 10.6% in net profit (up to BRL348.3 million), its revenue was down 4.1% to BRL7.2 billion. Mobile revenue dropped by 3.4% to BRL5.8 billion.

TIM noted that the downturn had been “observed for the industry as a whole” and was primarily affected by declines in SMS and mobile termination rates. Its outgoing voice and data business grew by 2.1%, although a decline in subscriber rates was blamed on “already high penetrated market, people using multiple SIM-cards and, a less dynamic economic environment”.

This to some degree could be assuaged by consolidation. Growth could also come from encouraging subscribers to adopt postpaid services in a market dominated by prepaid customers.

 

 

   
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