Morningstar
•
Oct 26, 2026
TIM S.A.: TIM Earnings: Increased Competition Creates Mounting Challenges
Symbols
TIMBSector(s)
Communication Services
Rating
Current Price
17.68
Fair Value
Economic Moat
Stewardship
Summary
TIM, which is 67%-owned by Telecom Italia, is the third-largest wireless carrier in Brazil, with 62 million subscribers, equal to about 22% of the market. The firm recently acquired the 51% of I-Systems that it didn't own. I-Systems can provide broadband service to about 8
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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.
