TIM SA to Acquire Remaining Stake in I-Systems for R$950 Million

Reuters
Yesterday
<a href="https://laohu8.com/S/TIMB">TIM</a> SA to Acquire Remaining Stake in I-Systems for R$950 Million

TIM S.A. has reached an agreement to acquire the remaining 51% of I-Systems Soluções de Infraestrutura S.A. from IHS Fiber Brasil – Cessão de Infraestruturas Ltda. for R$ 950 million, to be paid upon closing. With this transaction, TIM S.A., which already owns 49% of I-Systems, will take full ownership, making I-Systems a wholly-owned subsidiary. I-Systems operates as a neutral fiber optic network provider across several Brazilian states, serving approximately 9 million homes. The acquisition is expected to enhance TIM’s ability to deliver improved connectivity services and strengthens its position in the broadband market. Completion of the deal is subject to customary closing conditions, including regulatory approvals.

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