Tim Rallies on Authorization to Resume Infinity Day Plan
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Tim Participacoes SA, Brazil’s second-biggest mobile operator by market share, rose to a five-month high after regulators cleared a sales promotion that was suspended last year on concern over service quality.
The Brazilian unit of Telecom Italia SpA gained 2.7 percent to 8.52 reais at the close of trading in Sao Paulo, the highest since Aug. 20. The benchmark Bovespa index rose 0.7 percent.