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The Nexus
BUSINESSJul 28 · 09:15 UTCTHE RIO TIMESRichard Mann

TIM Brasil Second Quarter Profit Hits Record on Fiber Push

TIM Brasil reported a record second-quarter adjusted net profit of R$1.036 billion (~US$203 million), driven by a 6.2% year-over-year increase and growth in fixed-service revenue. The company also saw a 27% rise in fixed-service revenue and invested up to R$670 million (~US$131 million) in subsidiaries I-Systems and V8 Tech TIM.

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Mentioned
TIM BrasilorganizationI-SystemsorganizationV8 Tech TIMorganizationBrazilplaceadjusted net profittopicfixed-service revenuetopic
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