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Stock Market & Financial Investment News

News Breaks
August 22, 2012
09:31 EDTTSUTim Participacoes downgraded to Market Perform from Outperform at Bernstein
Price target lowered to $23 from $32.50.
News For TSU From The Last 14 Days
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October 24, 2014
06:39 EDTTSUTelecom Italia nears agreement to divest TIM mobile towers, Reuters says
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October 14, 2014
09:51 EDTTSUTelecom Italia CEO says Tim Participacoes not in rush for deal, Reuters reports
Telecom Italia (TI) CEO Marco Emilio Patuano told Valor Economico that TIM Participaçoes (TSU) can remain competitive in Brazil for five years without losing market share and that it is not in a rush for potential mergers and acquisitions, reported Reuters. TIM Brasil reportedly hired an advisor to look at a potential bid for Oi (OIBR), a source told Reuters previously, and Oi itself has hired a bank as well to advise it on a possible bid for Telecom Italia's 67% stake in TIM Brasil, the report noted, but Patuano told Valor: "I find it curious to see public comments [on a potential Oi bid for TIM] well before there is any concrete possibility of such a thing happening. Telecom Italia is not seeking an offer." Reference Link

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