ab 27 July 2026 Global Research TMT Daily TIM down 5% on the week, TEF-BZ flat, amid rising competition in Brazil; TEO up 4% on Argentina's rating upgrade TMT Calendar: next main events: TIM down 5% on the week, TEF-BZ flat, amid rising competition in Brazil; TEO up 4% on Argentina's rating upgrade TOTVS: Token costs become a new concern for Brazilian enterprises; An opportunity for TOTVS as model orchestrator for SMBs? What happened: According to MobileTime, rising token costs have become a new concern for ...