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TIM (TIMB) Construction In Progress : $0 Mil (As of Sep. 2023)


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What is TIM Construction In Progress?

TIM's quarterly construction in progress declined from Mar. 2023 ($135 Mil) to Jun. 2023 ($112 Mil) and declined from Jun. 2023 ($112 Mil) to Sep. 2023 ($0 Mil).

TIM's annual construction in progress increased from Dec. 2020 ($100 Mil) to Dec. 2021 ($139 Mil) and increased from Dec. 2021 ($139 Mil) to Dec. 2022 ($162 Mil).

TIM Construction In Progress Historical Data

The historical data trend for TIM's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TIM Construction In Progress Chart

TIM Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 386.33 99.89 138.58 161.68 -

TIM Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 161.68 135.07 112.31 - -

TIM Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

TIM (TIMB) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » TIM SA (NYSE:TIMB) » Definitions » Construction In Progress
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Traded in Other Exchanges
TIMS3:Brazil
Address
Avenida Joao Cabral de Melo Neto, 850, Torre Norte, 12th Floor, Room 1212, Barra da Tijuca, Rio de Janeiro, RJ, BRA, 22775-057
Website
https://ri.tim.com.br
TIM, which is 67%-owned by Telecom Italia, is the third largest wireless carrier in Brazil, with 61 million subscribers, equal to about 24% of the market. The firm also owns 49% of I-Systems, an infrastructure partnership that is expanding its network footprint across Brazil. I-Systems can provide broadband service to about 9 million locations, equal to a bit less than 15% of the country. TIM leases capacity on the venture's network to serve retail broadband customers under the UltraFibra brand.