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Based on consensus from external analysts. Not Kvantra's opinion.

TIM S.A. operates as a prominent telecommunications provider in Brazil, offering a diverse array of services to both individual customers and businesses of all scales. Its core activities include mobile voice and data communication, high-speed broadband internet access, and a variety of value-added services. The company's service portfolio further extends to fixed-line ultra-broadband and TIM Live solutions, leveraging WTTx technology through its Ultrafibra brand, and specialized Internet of Things (IoT) offerings. Beyond connectivity, TIM S.A. integrates digital content and services within its package options. It also engages in the retail of mobile devices and accessories, distributing them via its network of proprietary stores, exclusive franchises, and authorized dealers. Furthermore, the company provides co-billing services to other telecommunications operators. By December 31, 2021, TIM S.A. had amassed a substantial subscriber base of 52.6 million customers. The company maintains its headquarters in Rio de Janeiro, Brazil, and operates as a subsidiary of TIM Brasil Serviços e Participações S.A.

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