TIM S.A. (WSE:TIM) entered into share purchase agreement to acquire Cozani RJ Infraestrutura e Rede de Telecomunicações S.A. on January 28, 2021. On February 27, 2023, The Board of Directors approved the terms and conditions of the merger, by the Company, of Cozani RJ Infraestrutura e Redes de Telecomunicações S.A., a special purpose company acquired from Oi S.A.

TIM S.A. (WSE:TIM) acquired Cozani RJ Infraestrutura e Rede de Telecomunicações S.A. on April 20, 2022. As of March 31, 2023 the Board of Directors of TIM S.A. acknowledged that it has completed the operational procedures related to systemic parameterization and obtained prior consent from ANATEL to grant full effectiveness to the Merger.