Brazil’s second largest mobile operator by subscribers, TIM Participacoes (TIM Brasil) has reported a 'very tough' quarter as the impact of the regulator Anatel’s sales ban took its toll on the group’s public image. TIM Brasil reported net profit of BRL318 million (USD156 million) in the three months ended 30 September 2012, 0.4% higher than the corresponding year-ago period, on revenues of BRL7.02 billion – up 10.1% in the same period. The carrier said though that overall expenses and operating costs climbed 9.5% year-on-year to BRL3.52 billion, in what CEO Andrea Mangoni termed a ‘very tough’ third quarter.
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OVETEL TIM Brazil reports ‘tough’ 3Q but net profit, revenue stable
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