When I was a teenager working at a Subway in Sumter, South Carolina, I used to get corrected for something that seemed small at the time. I would build a sandwich, stack it high, and make it look generous. My boss would walk by and say, “That’s too many tomato slices.” I didn’t understand it then. I thought I was doing a better job by giving the customer more. But he would calmly remind me, “Those extra slices add up.” At that age, I thought he was being overly tight. Years later, I realized he was teach ...

Financial Performance - Service revenue grew by 5.2% year-on-year, exceeding inflation [3] - EBITDA increased by 7.5%, with an EBITDA margin reaching 51% [3][12] - Operating cash flow expanded by 16%, closing the year with a margin of 22.7% [3][14] - Total shareholder remuneration amounted to BRL 4 billion in cash and BRL 750 million in share buybacks, achieving a payout ratio of 139% [3][14] Business Line Performance - Mobile service revenues increased by 5.4%, with postpaid revenues growing by 9.5% in Q4 [5][6] - Postpaid ARPU reached almost BRL 55, reflecting a year-on-year growth of 3.1% [6] - Prepaid segment showed signs of stabilization, with revenue decline decelerating for the third consecutive quarter [7] - Broadband revenues returned to growth in Q4, with UltraFibra revenues increasing by 6.2% year-on-year [8][9] Market Performance - TIM remains the leader in 5G in Brazil, covering over 1,000 cities, which is 52% more than the second player [4] - B2B solutions surpassed BRL 1 billion in total contracted value, confirming its role as a structural growth engine [10] Company Strategy and Industry Competition - The company aims to drive value creation through mobile, B2B, and broadband, supported by artificial intelligence, efficiency, and ESG initiatives [16][17] - The acquisition of I-Systems is expected to enhance operational efficiency and customer experience [19][24] Management Commentary on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to continue creating value for stakeholders as it enters 2026 [15] - The company is focused on maintaining a disciplined capital allocation strategy while exploring new growth avenues [17] Other Important Information - Operating costs grew only 1.8% year-on-year, reflecting ongoing cost optimization efforts [12] - The company completed a significant network modernization project in São Paulo, enhancing service quality [8] Q&A Session Summary Question: Margin and efficiency - Inquiry about the structural versus temporary nature of margin expansion and the strategic implications of the I-Systems acquisition [21] Answer - Management indicated that the margin expansion is largely structural, with the I-Systems acquisition enhancing operational control and efficiency [23][24] Question: Network and interconnection expenses - Questions regarding the drivers behind decreased network and interconnection expenses and the impact of mobile portability [31] Answer - Management noted stable churn levels and attributed the increase in portability to competitors' practices, while also highlighting ongoing cost optimization efforts [34][36] Question: Personal expenses and broadband ARPU - Inquiry about the sustainability of gains from tax over overtime hours and the improvement in broadband ARPU [39] Answer - Management clarified that the ARPU improvement is primarily due to internal optimization efforts rather than overall market dynamics [40][42] Question: Tower leases and tax reform - Questions about the evolution of tower lease negotiations and the impact of Brazil's tax reform [49] Answer - Management confirmed ongoing negotiations to maintain lease costs below revenue growth and indicated that the tax reform would have a neutral impact on free cash flow in 2027 [54][55]

The Goldman Sachs Group, Inc. (NYSE:GS) is among the Ken Fisher Stock Portfolio: 12 Best Stocks to Buy. Goldman Sachs CEO Forecasts ‘Slower’ Talent Growth This Year, Bloomberg Reports According to Bloomberg on January 27, 2026, The Goldman Sachs Group, Inc. (NYSE:GS) CEO David Solomon stated that talent growth will be slower in 2026 despite a favorable view on global markets. According to the CEO, recruiting will be more limited this year as the company prioritizes efficiency. Solomon pointed out that ef ...

Core Viewpoint - The article emphasizes the importance of conducting thorough personal research and due diligence before making investment decisions, highlighting the inherent risks involved in trading [3]. Group 1 - The analysis is intended solely for informational purposes and should not be interpreted as professional investment advice [3]. - There is a clear disclaimer regarding the lack of any stock or derivative positions in the companies mentioned, indicating a neutral stance [2]. - The article expresses the author's personal opinions and does not reflect any business relationships with the companies discussed [2]. Group 2 - Past performance of stocks is not indicative of future results, underscoring the uncertainty in investment outcomes [4]. - The article clarifies that no recommendations are made regarding the suitability of investments for individual investors [4]. - The authors of the analysis include both professional and individual investors, which may affect the perspectives presented [4].

Group 1 - The concept of "efficiency" has become a dominant theme in the 2025 job market, influencing both corporate strategies and government policies [2][8][10] - Major companies, including Dell, AT&T, and Verizon, are implementing layoffs and hiring freezes as a response to high interest rates, inflation, and tariff costs, aiming to balance their budgets [3][8] - The push for efficiency has led to a significant reduction in early-career and middle-management positions, as companies streamline their operations and reduce bureaucracy [10] Group 2 - CEOs from leading tech firms, such as Meta, Amazon, and Google, are advocating for a "Great Flattening" approach, which simplifies organizational structures to enhance productivity and profitability [10] - The rise of AI technologies, including chatbots capable of performing coding and administrative tasks, is contributing to job insecurity and a shift in workforce dynamics, particularly affecting college-educated workers [4][10] - Employees are experiencing mixed feelings about the efficiency drive, with some eager to adapt and learn new skills, while others struggle to meet the rapidly changing expectations [5]

Gemini 3 Flash excels in speed and efficiency by coding SVG images, HTML, and three.js side-by-side between 3 Flash and 2.5 Pro. 3 Flash generates the imagery better, faster and with fewer token usage. Learn more at https://deepmind.google/models/gemini/flash/ ___ Subscribe to our channel https://www.youtube.com/@googledeepmind Find us on X https://twitter.com/GoogleDeepMind Follow us on Instagram https://instagram.com/googledeepmind Add us on Linkedin https://www.linkedin.com/company/deepmind/ ...

Look at this chair. It seems so ordinary, right. But actually, this chair holds power over you.The chair forces you to sit in a certain way, tells your body how to bend, where to rest your arms, how straight your back should be. And maybe that post is good for you, and maybe it's not, but you comply without even thinking about it. This, ladies and gentlemen, is the essence of technology.It shapes our behavior quietly, persistently, without us even noticing. Now, look at this. A bicycle.It doesn't just tell ...

Core Viewpoint - Mark Zuckerberg has declared 2023 as the "year of efficiency" for Meta Platforms, following significant workforce reductions and spending cuts [1] Company Summary - Meta Platforms has laid off 21,000 employees as part of its strategy to enhance efficiency [1] - The company is tightening its spending to align with its new focus on operational efficiency [1]

ICYMI:BSCN (@BSCNews):STARKNET V0.14.1 GOES LIVE ON MAINNET WITH MAJOR EFFICIENCY AND FEE UPGRADES- @Starknet has deployed v0.14.1 on mainnet. On paper, a minor upgrade, but it’s a key step toward real-time cost alignment and sustainable decentralization.- Starknet reduced the portion of blocks https://t.co/NeT61T3a6K ...

COMMENT: Starknet cut down on block space used for non-user-facing data like Blake hashes, giving more room to transactions that matter to users.BSCN (@BSCNews):STARKNET V0.14.1 GOES LIVE ON MAINNET WITH MAJOR EFFICIENCY AND FEE UPGRADES- @Starknet has deployed v0.14.1 on mainnet. On paper, a minor upgrade, but it’s a key step toward real-time cost alignment and sustainable decentralization.- Starknet reduced the portion of blocks https://t.co/NeT61T3a6K ...