TIM Participacoes S.A. Announces Consolidated Results for 1Q07
04 Mai 2007 - 4:04PM
PR Newswire (US)
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/
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