Telecom Italia has rejected claims that TIM Brazil is up for sale and affirmed its commitment to the Brazilian mobile operator. Recent reports said that Telefonica, the Italian operator’s largest shareholder, was considering a plan to break up TIM Brazil in order to comply with an order from the Brazilian regulator to limit its activities in the market. Telefonica already owns the largest mobile operator in Brazil, Vivo, and after recently increasing its stake in Telecom Italia, may be able to also influence TIM Brasil.

Get premium access to executives in TIM Brazil and VIVO with Latin Target