TIM, Brazil's second-largest wireless phone company, announces its final quarter and full year 2014 results with earnings before interest, taxes, depreciation and amortization (EBITDA) of 6 percent higher from a year earlier to R$1.558 billion reais. Albeit declining voice revenues, the company's data services increased 26 percent compared to a year earlier. TIM's data subscribers reached 34 million users, making up 45% of total base. In the last quarter, TIM also recorded higher gross data revenues, excluding SMS, with a 56 percent increase compared to the same quarter a year ago to R$1.86 bln.
TIM saw the penetration of smartphones reaching 50% over total base during the period. The company plans to expand its data services continuously, with its Mobile BroadBand service reaching 125 cities and claims to have the highest number of 4G cell sites in state capitals. The wireless carrier expects its declining voice revenue to stabilize in 2015 before rebounding.
