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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;

Stock News for Tim Participacoes (TSU)
10/08/201506:02:50Report of Foreign Issuer (6-k)
10/07/201509:59:10Report of Foreign Issuer (6-k)
10/05/201506:19:45Report of Foreign Issuer (6-k)
10/01/201506:06:35Report of Foreign Issuer (6-k)
09/25/201506:04:02Report of Foreign Issuer (6-k)
09/14/201509:31:32Report of Foreign Issuer (6-k)
09/09/201506:04:49Report of Foreign Issuer (6-k)
08/24/201511:03:28Report of Foreign Issuer (6-k)
08/12/201506:08:14Report of Foreign Issuer (6-k)
08/05/201509:08:32Report of Foreign Issuer (6-k)
08/05/201507:52:30TIM Participacoes Second-Quarter Profit Declines As Revenue Drops
08/05/201506:38:58Report of Foreign Issuer (6-k)
08/05/201506:33:26Report of Foreign Issuer (6-k)
08/05/201506:08:22Report of Foreign Issuer (6-k)
07/13/201506:02:42Report of Foreign Issuer (6-k)
07/06/201506:02:48Report of Foreign Issuer (6-k)
06/18/201517:01:03Report of Foreign Issuer (6-k)
06/18/201512:42:22Report of Foreign Issuer (6-k)
06/12/201506:03:25Report of Foreign Issuer (6-k)
06/10/201506:05:47Report of Foreign Issuer (6-k)

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