Matthew Malinowski, Telma Marrotto – Bloomberg Businessweek, 11/16/2012
Brazil’s telecommunication regulator Anatel ordered Tim Participacoes SA (TIT) to suspend its Infinity Day Promotion because of concerns over its quality of service.
The Infinity Day Promotion consists of unlimited calls at a fixed price for 24 hours between telephones operated by Tim. The company said it disagrees with Anatel decision as there is no evidence of “any potential of network instability,” according to an e-mailed statement.
Tim executives “are ready for a clarification meeting with Anatel in Brasilia,” the company said in the statement. Shares fell 3.7 percent to 7.72 reais in Sao Paulo, the second-worst performer among members of the benchmark Bovespa index.
Sergio Spagnuolo – Reuters, 11/16/20123
Brazilian telecom regulator Anatel on Friday ordered TIM Participacoes, the nation’s No. 2 wireless carrier, to stop selling a flat-rate promotional plan with unlimited calls per day because of concerns about service quality.
It was the latest in a series of regulatory setbacks for the Brazilian unit of Telecom Italia. In July, Anatel banned TIM’s sales in 19 states for nearly two weeks until the company presented an investment plan to improve service.
TIM started selling its “Infinity Day” promotion on Monday, allowing customers to make unlimited local phone calls within the carrier’s network for a flat daily rate of 0.50 real ($0.24) and unlimited long-distance calls for an additional 0.50 real a day.