Business · Companies · 8 hrs ago
TIM Brasil spent R$29.5 million on advisers as it weighs acquisitions
TIM Brasil spent R$29.5 million on advisers between January and September to assess strategic projects.
Chief Executive Alberto Griselli said the work supports possible acquisitions in fixed broadband and technology and connectivity services for businesses.
Griselli said there is no process to sell the Brazilian operation, despite rumors of a possible sale.
Those rumors grew after Poste Italiane took control of TIM’s parent company in Europe and its chief executive called the Brazilian unit non-essential.
TIM has recently bought fiber network company I-System and artificial intelligence firm V8 Tech, and says it is still looking for other acquisition opportunities.
TIM’s net profit fell 7.8% in the third quarter, while Ebitda rose 7.6%; its net debt also declined by 11%.
The company says it will focus on improving its local business and meeting its stated commitments to shareholders.
TIM Brasil spent R$29.5 million on banks and advisers from January to September 2026 to assess strategic projects, including possible acquisitions.
President Alberto Griselli said the spending was part of a standard process for evaluating potential targets and denied plans to sell the Brazilian business.
The company is examining opportunities in fixed broadband and technology and connectivity services for businesses.
Rumours of a sale followed comments by Poste Italiane’s chief executive after the Italian company became TIM Brasil’s indirect controlling shareholder.
TIM Brasil had also acquired I-System and V8 Tech, and launched an offer combining mobile and broadband services in July.
- Who
- TIM Brasil paid banks and advisers to assess strategic projects. President Alberto Griselli discussed the spending.
- What
- The company spent R$29.5 million on advisers while evaluating potential acquisitions. Griselli denied that TIM Brasil was being prepared for sale.
- When
- From January to September 2026.
- Where
- Brazil.
- Why
- TIM Brasil said the advisers were helping it assess acquisition targets, including opportunities in broadband and business technology and connectivity.
TIM Brasil management
Poste Italiane chief executive Matteo Del Fante
Possible sale
TIM Brasil management
Griselli said there was no process to sell TIM Brasil.
Poste Italiane chief executive Matteo Del Fante
Del Fante said TIM Brasil was not essential and could be used tactically in the future, prompting speculation about a sale.
TIM Brasil spent R$6 million on banks and advisers in the first period.
TIM launched an offer combining a mobile plan and broadband.
TIM Brasil spent R$15.7 million on banks and advisers.
TIM Brasil spent R$7.8 million on banks and advisers.
The company’s spending on banks and advisers totalled R$29.5 million.
- Total spending
- R$29.5 million from January to September 2026
- First period spending
- R$6 million
- Second-quarter spending
- R$15.7 million
- Third-quarter spending
- R$7.8 million
- Acquisitions
- I-System and V8 Tech
- Potential growth areas
- Fixed broadband and business technology and connectivity
1 source
What people are saying
É verdade que trabalhamos com consultorias. Isso é um procedimento padrão na avaliação de ‘targets’ (alvos). Fizemos isso no passado e estamos fazendo agora
Já esclarecemos à CVM (Comissão de Valores Mobiliários) que não existe processo para uma eventual venda da nossa operação
não é essencial
de forma tática