According to two individuals with inside knowledge of the situation, TIM Brasil, a well - known telecommunications operator, is currently engaged in negotiations to buy back a 51% share in its fiber - optic network business. This business was once under its full control, and the repurchase price is estimated to be around US$170 million (equivalent to R$900 million). Back in 2021, TIM sold this 51% stake to EHST Towers, an independent communications infrastructure firm.

Should the buy - back deal be successfully concluded, TIM will once again have complete operational authority over its fiber - optic business. Telecom Italia, the parent company, has given the green light for TIM to carry on with the negotiations. Additionally, it has appointed Rothschild to act as its financial advisor in this matter. There's a possibility that TIM could give the go - ahead for this potential deal as soon as February 10, when its board convenes to discuss the full - year results.