* Real under pressure from weak retail sales data * Bovepsa lifted by another batch of earnings updates * IMF set to begin debt talks with Argentina By Sruthi Shankar Feb 12 (Reuters) - The Brazilian real was about flat on Wednesday after sliding in early trade to a record low on Wednesday after data showed retail sales dropped unexpectedly in December, and broader Latin American markets gained on hopes that the coronavirus outbreak in China has peaked. Official figures showed retail sales fell 0.1% in December, the first decline in eight months and another sign that consumer spending in Latin America's No. 1 economy will not power growth. "The release extends the slew of disappointing data undermining the growth narrative in Brazil and BRL longs," Citigroup's Dirk Willer wrote in a client note.
Brazilian telecoms regulator Anatel said on Thursday it was closely monitoring to decide whether to postpone the country's fifth-generation mobile network (5G) spectrum auction due to the coronavirus outbreak while insisting that it remained premature to discuss a delay. "So far, it is still possible to carry out the bidding process at the end of 2020," Anatel said in a statement, noting it is monitoring "how the current scenario evolves" to decide whether the auction should be put off until the first two months of 2021. The regulator has approved spectrum availability and other bidding rules, which are under a public review expected to be concluded by April 17.
Firm's largest sales of the 1st quarter Continue reading...
TIM Participacoes S.A. (TSU) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Does TIM Participacoes SA (NYSE:TSU) represent a good buying opportunity at the moment? Let’s quickly check the hedge fund interest towards the company. Hedge fund firms constantly search out bright intellectuals and highly-experienced employees and throw away millions of dollars on satellite photos and other research activities, so it is no wonder why they tend […]
Brazilian wireless carrier TIM Participacoes SA said on Monday it has partnered with Rio de Janeiro's city hall for data analysis that will allow authorities to track displacement and concentration of people in areas affected by the coronavirus outbreak. In a statement, the local subsidiary of Telecom Italia SpA added it will use its antennas spread across Rio de Janeiro to provide real-time data on people's displacement throughout the city. This should allow authorities to identify mobility trends across neighborhoods and ultimately assess whether the population is respecting social isolation measures taken to contain the disease.
Brazil's largest wireless carrier Telefonica Brasil SA will provide cellphone data to help authorities slow the spread of coronavirus in Sao Paulo state, the epicenter of the disease's outbreak in Latin America's largest country. As part of the cooperation agreement announced on Wednesday, the company operating under the brand Vivo will provide the Sao Paulo government with data on people's movement and concentration of groups to check whether its quarantine rules are being followed, as well as anticipate potential contagion trends. "We've been investing heavily in big data and artificial intelligence in the past five years and when the coronavirus pandemic started we built applications to help fighting it," Vivo's Chief Data Officer, Luiz Medici, told Reuters in a phone interview.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
KT vs. TSU: Which Stock Is the Better Value Option?
Telefonica Brasil SA and TIM Participações SA have expressed interest in negotiating a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA, the two companies said on Tuesday in securities filings. The companies informed Oi's financial advisor Bank of America Merrill Lynch of their interest in starting negotiations for a potential acquisition of all or part of Oi's mobile division.
Brazilian wireless carrier TIM Participacoes SA said on Thursday it is partnering with online lender C6Bank to develop combined offers for their customers. "The agreement also provides for the possibility of exploring sales and payment channels synergies, expanding the distribution of offers and optimizing costs," the local subsidiary of Telecom Italia SpA said in a statement. In December, Chief Executive Pietro Labriola told journalists that TIM aimed at launching financial services to pre-paid customers in 2020.
** Rivulet Capital, a large investor in Instructure Inc said it will resist the U.S. educational software company's plan to sell itself to private equity firm Thoma Bravo for $2 billion, calling the deal too cheap and too hurried. ** Mexican broadcaster Grupo Televisa has won a federal injunction against Walt Disney Co's acquisition of Twenty-First Century Fox Inc's assets in Mexico, a Televisa representative said, a move that could at least temporarily stall the deal. ** Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said.
TSU earnings call for the period ending March 31, 2020.
Brazilian telecoms firms Telefonica Brasil SA and TIM Participacoes SA are moving ahead with a potential joint bid for rival Oi SA's mobile unit despite the challenges of the COVID-19 outbreak, executives said Wednesday. "We're confident that our strategy is the right one," Telefonica Brasil Chief Executive Christian Gebara told investors on a call, noting it is still early to assess the full extent of the global pandemic. "The level of uncertainty is much higher, but we're not willing to cut costs or capital expenditure that will help us grow and compete in the long term," TIM Chief Executive Pietro Labriola said on a separate call.
RIO DE JANEIRO, Brazil, April 30, 2020 -- TIM Participações S.A. (“Company”) (B3:TIMP3) (NYSE:TSU) hereby informs its shareholders and the market in general that it has filed.
Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said on Thursday. "Frequencies are an important asset for any carrier, not only for TIM", Labriola told journalists at a company event in Sao Paulo, adding that for this reason he has to look into the deal. Based on spectrum concentration, TIM may be allowed to get the largest stake in Oi's mobile division, he said.
Shares in Telefonica Brasil SA
* Real under pressure from weak retail sales data * Bovepsa lifted by batch of earnings updates * IMF set to begin debt talks with Argentina (Updates prices) By Sruthi Shankar Feb 12 (Reuters) - The Brazilian real slid to a fresh record low on Wednesday after data showed the country's retail sales dropped unexpectedly in December, while broader Latin American markets gained on hopes the coronavirus outbreak in China has peaked. The Brazilian currency has been pressured by slow overseas demand for Brazilian assets with interest rates at a record low. Data showed Brazilian retail sales fell 0.1% in December, the first decline in eight months and another sign that consumer spending in Latin America's No. 1 economy will not power growth.
Brazilian telecommunications firms have urged the government to postpone a spectrum auction for fifth-generation (5G) mobile network this year, citing the impact of the COVID-19 pandemic on Latin America's largest economy. "In a moment of crisis as such it is difficult to think in a long-term investment," said Marcos Ferreira, head of industry group SindiTelebrasil in Tuesday evening interview, adding that 5G technology will require heavy investments. SindiTelebrasil represents Brazil's main carriers Telefonica Brasil SA, TIM Participacoes SA, America Movil's Claro and Oi SA, among others.
Their yields double the 20-year high-quality market corporate bonds' spot rate Continue reading...