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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
04/28/201506:07:42Report of Foreign Issuer (6-k)
04/24/201507:21:20Brazil Mobile-Phone Subscriptions Rise at Lower Pace in February
04/15/201516:50:54Report of Foreign Issuer (6-k)
04/15/201516:47:23Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
04/15/201516:44:03Annual and Transition Report (foreign Private Issuer) (20-f)
04/15/201506:04:02Report of Foreign Issuer (6-k)
04/15/201506:04:02Report of Foreign Issuer (6-k)
04/10/201517:31:56Report of Foreign Issuer (6-k)
03/26/201507:56:29Telefonica Brasil plans $4B rights issue
03/16/201506:08:09Report of Foreign Issuer (6-k)
03/13/201507:41:45Report of Foreign Issuer (6-k)
03/13/201506:04:07Report of Foreign Issuer (6-k)
03/13/201506:04:07Report of Foreign Issuer (6-k)
03/12/201506:05:59Report of Foreign Issuer (6-k)
03/10/201506:05:23Report of Foreign Issuer (6-k)
03/09/201517:30:19ADR Shares End Mixed; WPP Shares Rise
03/09/201508:29:35Brazil Mobile-Phone Subscriptions Rise in January
02/23/201508:34:19Report of Foreign Issuer (6-k)
02/20/201518:01:21ADR Shares End Higher; National Bank of Greece Trades Actively
02/20/201512:28:06Correction to Telecom Italia Update

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