Financial News

Brazil’s TIM sees double-digit EBITDA growth for 2022-2024 period

Reuters
Reuters
People walk in front of a Telecom Italia Mobile (TIM) store in downtown Rio de Janeiro

SAO PAULO – Brazilian telecom TIM SA announced on Wednesday its strategic long-term objectives for 2022-2024, saying it expects a yearly double-digit growth in its earnings before interest, tax, depreciation and amortization by the end of the period.

The company also sees an average double-digit growth in its services revenue by 2024, while its capital expenditure is estimated at 4.8 billion reais for 2022, totaling 14 billion reais by 2024.

(Reporting by Peter Frontini; Editing by Leslie Adler)

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