AllAnalyst Report
logoMorningstarMarch 25, 2021

TIM S.A.: Grabbing Oi Assets Would Benefit TIM's Competitive Position but It Still Trails Rivals

Symbols
TIMB
Sector(s)
Communication Services
Rating
Current Price
$16.84
Fair Value
Economic Moat
Stewardship
Summary

TIM is one of the top three wireless carriers by subscribers in Brazil, with 51 million subscribers, equal to about 22% of the market. TIM also owns some fixed-line assets, including an extensive long-haul fiber network and local networks that reach about 6.4 million locations (a bit less than 10% of the country). The firm is investing to expand its fiber network to more customer loc

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Analyst Profile

Michael Hodel

Director
Michael Hodel, CFA, is director of communications services equity research for Morningstar Research Services, LLC, a wholly owned subsidiary of Morningstar, Inc. He covers U.S. telecom service providers and related firms, including AT&T, Verizon, and Comcast. His team covers media companies, global telecom service providers, and owners of telecom infrastructure, such as wireless towers and data centers.Hodel joined Morningstar in 1998. Prior to his current position, he spent two years as a portfolio manager for Morningstar Investment Management, LLC. Previously, he served as a technology strategist responsible for telecom research, chair of Morningstar’s Economic Moat Committee, and a senior member of Morningstar’s corporate credit ratings initiative.Hodel holds a bachelor’s degree in finance, with highest honors, from the University of Illinois at Urbana-Champaign and a master’s degree in business administration from the University of Chicago Booth School of Business. He also holds the Chartered Financial Analyst® designation.