Tim S.A. (TIMB) has released an update.
TIM S.A. has reported a partial victory in a recent tax appeal, successfully arguing for around 45% of the R$700 million under dispute. The company clarified that contrary to certain reports, they have not lost a billion-dollar case, emphasizing that they have secured over 70% of the claims at the administrative level since 2011. TIM S.A. assured investors that there will be no additional impact on the balance sheet that hasn’t been accounted for, and they will continue to provide updates on the matter.
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