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TIM S.A. Ends Partnership with C6 Following Regulatory Approval

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TIM S.A. Ends Partnership with C6 Following Regulatory Approval

The latest announcement is out from TIM ( (TIMB) ).

On March 20, 2025, TIM S.A. announced the termination of its partnership with C6 following the approval from the Cayman Islands Monetary Authority for the transfer of shares and warrants in Carbon Holding Financeira S.A. to a C6 Group entity. This decision also resolved all related disputes and ended four ongoing arbitration proceedings. TIM will continue to inform its customers about the benefits associated with the former partnership through its official channels.

More about TIM

TIM S.A. is a publicly-held company operating in the telecommunications industry, primarily providing mobile and broadband services. The company is listed on the B3 and NYSE stock exchanges under the symbols TIMS3 and TIMB, respectively, and is headquartered in Rio de Janeiro, Brazil.

YTD Price Performance: 29.10%

Average Trading Volume: 579,043

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: $7.4B

For an in-depth examination of TIMB stock, go to TipRanks’ Stock Analysis page.

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