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Brazil's TIM Hopes Sales Ban Will Be Lifted Next Week

BRASILIA--TIM Participacoes SA (TSU, TIMP3.BR), Brazil's second-biggest mobile-telephone-services provider by market share, hopes to be able to resume as early as next week the sale of contracts in states where the government has banned new sales. Last week, Brazil's telecommunications regulator, Anatel, imposed a ban on the sale of new mobile-phone contracts in certain states by three providers: TIM, Oi SA (OIBR, OIBR4.BR), the fourth-biggest provider by market share, and the Brazilian unit of America Movil SAB (AMX, AMX.MX), known as Claro, No. 3. The financial effect of the sales ban for TIM should be almost "immaterial," said Franco Bernabe, chief executive of Telecom Italia SpA (TI, TIT.MI), which controls TIM. The biggest impact has been on the company's image and its share price, he added. The Anatel ruling took effect Monday. Operators were given 30 days to present investment plans aimed at resolving customer complaints. They face a fine of 200,000 Brazilian reais ($98,890) per region for each day they are late. Each of the three companies has since handed in its plans, and Anatel asked all of them for more information, which the companies expect to provide next week. TIM's plan will redirect planned investment toward improving the quality of the network and customer service, which were the biggest areas of consumer complaints. The reason quality declined, the company said, was that the investment plan fell behind schedule because of organizational and technical problems as well as difficulties related to two acquisitions TIM made in a short period of time. Write to Jeffrey T. Lewis at jeffrey.lewis@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for America Movil (AMX)
DateTimeHeadline
10/20/201421:10:46America Movil Raises Stake in Telekom Austria
10/20/201419:09:21America Movil Raises Stake in Telekom Austria to 59.7%
09/30/201418:03:23ADR Shares End Lower; America Movil, HSBC Shares Trade Actively
09/30/201412:43:05Brazil's Government Raises Less Than Expected From Auction of...
09/23/201417:53:43Brazil's Oi Won't Participate in Country's Airwave Auction
09/16/201418:21:44ADR Shares End Higher; Petrobras Shares Trade Actively
09/10/201421:10:23Ricardo Salinas to Buy Televisa's Stake in Iusacell
08/21/201407:32:00Brazilian Court Gives Green Light to Airwaves Auction Process
08/19/201408:25:49Telecommunication-Tower Operator T4U Plans IPO in Brazil
07/21/201418:03:34ADR Shares End Mixed; Philips Shares Trade Actively
07/14/201419:30:42America Movil Secures Majority Stake in Telekom Austria
07/09/201417:30:46ADR Shares End Higher; America Movil, Teva Shares Trade Actively
06/30/201417:04:08ADR Shares End Mixed; Philips, America Movil Trade Actively
06/27/201418:49:40Slim to Buy Back America Movil Stake from AT&T
06/27/201418:48:41Carlos Slim to Buy Back 8.3% America Movil Stake from AT&T
06/17/201406:22:21Telekom Austria's New Ownership Structure Approved by Regulator
06/11/201418:22:03Ecuador to Begin 4G Mobile Spectrum Talks With Private Operators
05/19/201410:47:33America Movil Shares Fall Sharply as AT&T to Sell Stake
05/15/201408:39:20America Movil Publishes Takeover Offer for Telekom Austria
05/13/201413:41:03Argentina Plans to Auction 4G, 3G Wireless Licenses

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