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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
05/02/201608:26:33Report of Foreign Issuer (6-k)
05/02/201607:39:00Brazil Mobile-Phone Subscriptions Decline in March
04/28/201606:15:15Report of Foreign Issuer (6-k)
04/25/201609:13:00Brazil's Oi Starts Talks to Restructure Debts
04/14/201617:07:33Report of Foreign Issuer (6-k)
04/14/201617:06:15Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
04/14/201617:02:47Annual and Transition Report (foreign Private Issuer) (20-f)
04/11/201606:03:31Report of Foreign Issuer (6-k)
03/21/201606:04:05Report of Foreign Issuer (6-k)
03/17/201606:09:30Report of Foreign Issuer (6-k)
03/17/201606:09:30Report of Foreign Issuer (6-k)
03/11/201616:04:35Report of Foreign Issuer (6-k)
03/11/201615:07:20Report of Foreign Issuer (6-k)
03/11/201614:19:36Report of Foreign Issuer (6-k)
03/11/201614:17:25Report of Foreign Issuer (6-k)
03/11/201607:00:35Report of Foreign Issuer (6-k)
03/11/201606:55:18Report of Foreign Issuer (6-k)
02/25/201610:50:00LetterOne No Longer Plans Capital Injection for Brazil's Oi
02/16/201606:21:26Report of Foreign Issuer (6-k)
02/05/201616:04:13Report of Foreign Issuer (6-k)

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