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Brazil's TIM sees double-digit EBITDA growth for 2022-2024 period

Published 02/23/2022, 06:25 PM
Updated 02/23/2022, 06:31 PM
© Reuters. FILE PHOTO: People walk in front of a Telecom Italia Mobile (TIM) store in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares

© Reuters. FILE PHOTO: People walk in front of a Telecom Italia Mobile (TIM) store in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares

SAO PAULO (Reuters) - Brazilian telecom TIM SA announced on Wednesday its strategic long-term objectives for 2022-2024, saying it expects a yearly double-digit growth in its earnings before interest, tax, depreciation and amortization by the end of the period.

The company also sees an average double-digit growth in its services revenue by 2024, while its capital expenditure is estimated at 4.8 billion reais for 2022, totaling 14 billion reais by 2024.

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