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Tele Centro Oeste Celular Participacoes S.A. - TCO, (BOVESPA:
TCOC3 (Common Shares)/TCOC4 (Preferred Shares); NYSE: TRO), discloses today its
consolidated results for the third quarter of 2004 (3Q04)
RIO DE JANEIRO, Brazil, Oct. 29 /PRNewswire-FirstCall/ --
HIGHLIGHTS
R$ million 3 Q 04 2 Q 04 variation % 3 Q 03 variation %
Net operating
revenue 578.0 560.9 3.0% 504.6 14.5%
Net service
revenues 497.5 472.6 5.3% 425.6 16.9%
Net handset
revenues 80.5 88.3 -8.8% 79.0 1.9%
Total operating
costs (330.3) (316.6) 4.3% (293.4) 12.6%
EBITDA 247.7 244.3 1.4% 211.2 17.3%
EBITDA
Margin (%) 42.9% 43.6% -0.7 p.p. 41.9% 1.0 p.p.
Depreciation
and
amortization (50.8) (49.2) 3.3% (55.0) -7.6%
EBIT 196.9 195.1 0.9% 156.2 26.1%
Net profit 141.0 136.9 3.0% 114.1 23.6%
Total number
of customers
(thousand) 5,307 4,901 8.3% 3,593 47.7%
-- Customer base increased by 47.7% and 8.3%, when compared to 3Q03 and
2Q04, respectively, a level above the market average, having reached
5,307 thousand customers.
-- Net additions in 3Q04 totaled 406 thousand new customers, 54.4% higher
than the additions recorded for the same period of the previous year.
-- TCO's postpaid service customers base increased by 2.6% and prepaid
service customers base increased by 63.1%, in relation to 3Q03.
-- Churn decreased 0.5 and 0.2 percentage points, compared to 3Q03 and
2Q04, respectively.
-- Postpaid ARPU increased by 2.5% and 3.0% when compared to 3Q03 and
2Q04, respectively.
-- EBITDA growth of 17.3% year over year, EBITDA margin of 42.9% in the
period, which is 1.0 percentage point above the figures recorded for
3Q03.
-- Net profit of R$ 141.0 million in 3Q04, a 23.6% increase in relation to
3Q03.
-- Data revenues have continued to grow, increasing by 51.2% in relation
to 3Q03, representing 4.0% of net service revenues in 3Q04 (3.1% in
3Q03).
-- Productivity increased in 3Q04 of 70.6% and 12.8% in relation to 3Q03
and 2Q04, respectively.
Tele Centro Oeste is controlled by Telesp Celular Participacoes S.A. which,
along with Tele Leste Celular Participacoes S.A., Tele Sudeste Celular
Participacoes S.A. and Celular CRT Participacoes S.A, make up the assets of the
Joint Venture undertaken by Telefonica Moviles and Portugal Telecom, operating
under the VIVO brand, Top of Mind in the Brazilian market. On October, 2004,
VIVO Group reached 25 million customers, thus consolidating its market
leadership.
DATASOURCE: Tele Centro Oeste Participacoes S.A.
CONTACT: Charles E. Allen for VIVO, +55-11-5105-1172, or
Web site: http//http://www.vivo.com.br/