Brazil's TIM Participacoes (TIM Brasil), a unit of Telecom Italia, booked net profit of BRL346.8 million (USD169.7 million) for the three months ended 30 June 2012, compared to BRL350 million in the corresponding period of 2011, even as its subscriber base increased sharply by 24% year-on-year to 68.9 million lines, thanks to net additions of 1.7 million in April-June. The unit added that post-paid users increased by a net 48,000 new users in the second quarter to over ten million. Despite the post-paid subscriber gains, blended monthly ARPU fell 15.3% to BRL18.3 it said, and minutes of use (MOU) was stable at 127 minutes
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OVETEL TIM Brasil: customers up strongly but net profit down
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