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TIM denies reports of potential sale following Poste Italiane's control
TIMBTim S.A.
TIM S.A. issued a clarification in response to an official letter from B3, the Brazilian stock exchange, regarding media reports suggesting the company might be put up for sale. The reports cited industry sources and comments by Poste Italiane CEO Matteo Del Fante, who stated that TIM Brasil is not essential to the new controlling shareholder's project after Poste Italiane acquired control of Telecom Italia. TIM S.A. confirmed it has no knowledge of any material facts regarding a potential sale or other relevant information requiring disclosure. The company operates in the telecommunications industry.