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Brazil’s TIM sees double-digit EBITDA growth for 2022-2024 period -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO : A crowd walks in front of a Telecom Italia Mobile(TIM) store, in downtown Rio de Janeiro on August 20, 2014. REUTERS/Pilar Olivares

SAO PAULO, Brazil – Brazilian telecom TIM SA has announced its long-term strategic objectives for 2022-2024. It stated that it anticipates a double-digit increase in earnings before interest and tax by the end.

It also expects a double-digit increase in services revenue over 2024. The capital expenditure for 2022 is estimated to be 4.8 billion Rias, or 14 billion Rias by 2024.

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