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TIM ( (TIMB) ) has issued an update.
On February 11, 2025, TIM S.A. announced the resolution of its disputes with Banco C6 S.A., marking the end of their partnership. This settlement will result in TIM monetizing its minority stake in the bank, earning approximately R$280 million. The termination of the partnership includes the transfer of all shares held by TIM to C6, subject to approval by the Cayman Islands Monetary Authority. This strategic move is expected to have positive impacts on TIM’s operations, particularly in enhancing its digital service ecosystem and increasing customer engagement.
More about TIM
TIM S.A. is a publicly-held company operating in the telecommunications industry, providing mobile telephony and digital services in Brazil. The company has been focusing on integrating financial services with its telecom offerings to enhance customer loyalty and digital engagement.
YTD Price Performance: 14.36%
Average Trading Volume: 539,278
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $6.54B
Learn more about TIMB stock on TipRanks’ Stock Analysis page.
