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Brazil's Telecoms Regulator Orders Reduction On Tariffs

SAO PAULO (Dow Jones)-Brazilian telecommunications regulator Anatel has ordered local phone companies to reduce tariffs by 10.78% starting from Feb. 24. The price reduction will affect calls from fixed phones to mobile phones and also calls between mobile phones, Anatel said late Wednesday in a statement. According to the regulator, the reduction will attract more clients for operators and compensate for the reduction in revenue. Customers will pay 0.487 Brazilian reais per minute for phone calls from fixed phone to mobile phone, down from BRL0.546 currently. The regulator has also ordered a similar reduction from the start of 2013 and 2014. Brazil's largest phone operators are Tele Norte Leste Participacoes SA (TNE), or Oi; Telecomunicacoes Brasil SA (VIV), also known as Vivo, which is controlled by Spain's Telefonica SA (TEF); TIM Participacoes SA (TSU), the local unit of Telecom Italia SpA (TIT.MI) and Claro, the local unit of Mexico's America Movil S.A.B. de C.V. (AMX.MX). -By Rogerio Jelmayer, Dow Jones Newswires; 55-11-3544-7071; rogerio.jelmayer@dowjones.com

Stock News for Tim Participacoes (TSU)
DateTimeHeadline
08/28/201418:05:53ADR Shares End Lower; Oi Shares Active
08/27/201417:35:55Rally in European Stocks Halts
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
08/14/201418:50:23ADR Shares End Higher; Gol Shares Trade Actively
08/13/201417:35:08ADR Shares End Mixed; Petroleo Brasileiro Shares Trade Actively
08/01/201407:26:03TIM Participacoes Second-Quarter Profit Down on Debt-Service...
06/18/201417:07:21ADR Shares End Higher
06/16/201405:45:05Mediobanca to Withdraw From Telco
04/15/201407:17:56Brazil Telecom Italia Unit Looks Into Selling Telecommunications...
02/18/201410:53:22Correction to Telecom Italia CEO Article
02/18/201410:12:22Telecom Italia CEO: No Discussion About Sale of TIM Brazil
02/14/201409:06:14Brazil Mobile-Phone Company TIM 4Q Profit Rose; Revenue Growth...
01/27/201409:56:36Brazil Mobile Phone Sales Rise Less In December; Vivo Loses Ground
01/10/201417:10:05ADR Shares End Higher: SAP, Infosys Shares Active
01/03/201408:48:37Brazil Stocks Open Higher, Led by TIM, Following Takeover Report
12/04/201320:01:11Brazil Says Telefonica Plan to Raise Telecom Italia Stake Harms...
11/15/201309:18:03OZ Management LP 3Q 13F: Largest Purchases -2-
11/15/201309:18:02OZ Management LP 3Q 13F: Largest Purchases
11/15/201309:18:02OZ Management LP 3Q 13F: Holdings As Of Sep 30 -2-

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