TIM S.A. (BOVESPA:TIMS3) entered into a share purchase agreement to acquire remaining 51% stake in I-Systems Solucoes De Infraestrutura SA from IHS Fiber Brasil - Cessao de Infraestruturas Ltda. for BRL 950 million on February 11, 2026. A consideration of BRL 950 million will be paid by TIM S.A. As part of consideration, BRL 950 million is paid towards common equity of I-Systems Solucoes De Infraestrutura SA. Upon completion, TIM S.A. will own 98% stake in I-Systems Solucoes De Infraestrutura SA.

The conclusion of the transaction is subject to the satisfaction of certain conditions precedent usual for this type of transaction, including, among others, obtaining the necessary approvals from the Administrative Council for Economic Defense (CADE) and the National Telecommunications Agency (ANATEL). The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.