A telecommunication services provider, which offers communications product portfolio that includes traditional fixed-line, mobile, broadband, ISP and other services to residences, consumers, small, midsize and large business users and government entities.
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My former broker was recommending this stock ever since it was @ about $21 a share last year - a very bad choice. Cell phone companies have a notoriously difficult time making money with their massive cash outlays, razor-sharp competition, the phone subsidies they must pay to sign up new customers and give them a phone for a penny or whatever - and the fact that churn is usually high. I also think TNE is an also-ran in the Brazilian cellular market - but the stock has been beaten down by about 33% so perhaps it can spring back - but I doubt it will conquer its former $22 high.