Mergers & Acquisitions ·
TIM Board approves proposed incorporation of I-Systems subsidiary for shareholder vote on Nov 30
TIMBTim S.A.
The Board of Directors of TIM S.A. unanimously approved the proposal to incorporate its wholly-owned subsidiary, I-Systems Soluções de Infraestrutura S.A., into the parent company. The transaction is subject to approval by shareholders at an Extraordinary Shareholders’ Meeting scheduled for November 30, 2026. The Board also approved amendments to the Company’s Bylaws to adjust the number of outstanding common shares following the cancellation of treasury shares and authorized the convening of the shareholder meeting to vote on both matters. TIM S.A. operates in the telecommunications industry, providing mobile and fixed-line services.