TIM Participacoes (NYSE:TSU)
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RIO DE JANEIRO, Brazil, May 4 /PRNewswire-FirstCall/ -- TIM Participacoes S.A. (BOVESPA: TCSL3 and TCSL4; and NYSE: TSU) ("TIM Participacoes" or "TIM") announces its results for 1Q07. TIM provides mobile telecommunications services through its mobile operators throughout Brazil and is the largest GSM operator in the country. The following financial and operating information is presented on a consolidated basis and in Brazilian Reais (R$) pursuant to Brazilian Corporate Law. All comparisons refer to 1Q06 except when otherwise indicated.
Highlights
- Leadership in innovative services: Launch of "TIM Casa Empresarial"
- Creation of the Customer Operations Unit with the purpose of
coordinating post-sale strategies, thus maximizing client satisfaction
and the life cycle
- Client base closed 1Q07 at 26.3 million reaching 25.8% market share
versus 23.5% in 1Q06
- Leader in 1Q07 net additions, with 896.2 thousand new clients, 40.1% of
total market net additions
- Continued postpaid growth: In twelve months, the postpaid subscriber
base grew 31.4% reaching 21.6% of total customers (+1.0 p.p. YoY).
- Solid growth in net service revenue of R$2,661.5 million, 44.1% higher
than in 1Q06 (or up 22.4%, which includes the elimination of the
Partial Bill & Keep system on January 1, 2006).
- ARPU (average revenue per user) totaled R$34.40, remaining in line with
3Q06, a period without seasonal effects that characterize the fourth
quarter, and stable when compared to normalized 1Q06 ARPU (R$35.20)
- Reduced subscriber acquisition cost (SAC): down 17.3% year on year due
to the strict control of variable costs, especially subsidies. In
1Q07, the SAC/ARPU ratio was 3.8 months, below 1Q06's 4.3 months.
- Profitable Growth: EBITDA totaled R$664.0 million (up 15.7% year on
year), accompanied by EBITDA margin of 23.4%, in line with the
Company's expectations for 2007.
- The Shareholders' Meeting approved the payment of R$450.8 million in
dividends, to take place June 26, 2007.
For the full release, please access the Company's website: http://www.timpartri.com.br/.
1Q07 Conference Call in English
May 4, 2007
11:00 a.m. (Brasilia time)
10:00 a.m. (US EDT)
Phone: +1 (973) 582-2778
Code: 8713069
Replay: +1 (973) 341-3080
Contacts:
Joana Serafim
IR Manager
Tel: (55 21) 4009-3742/8113-0571
E-mail:
Leonardo Wanderley
IR Analyst
Tel: (55 21) 4009-3751/8113-0547
E-mail:
DATASOURCE: TIM Participacoes S.A.
CONTACT: Joana Serafim, IR Manager, +011-5521-4009-3742 or
+011-5521-8113-0571, , or Leonardo Wanderley, IR
Analyst, +011-5521-4009-3751 or +011-5521-8113-0547,
, both of TIM Participacoes
Web site: http://www.timpartri.com.br/