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Brasil Telecom Announces Its 2008 Results

Tue. February 10, 2009; Posted: 05:58 PM
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BRASILIA, Brazil, Feb 10, 2009 /PRNewswire-FirstCall via COMTEX/ -- BRP | Quote | Chart | News | PowerRating -- Brasil Telecom Participacoes S.A. (BOVESPA: BRTP3/BRTP4; NYSE: BRP | Quote | Chart | News | PowerRating) registered consolidated gross revenue of R$17,007.1 million in 2008, up by 6.3% year-on-year. Consolidated net income came to R$782.2 million, 16.2% up on 2007 and equivalent to R$ 2.1579 per share.

EBITDA reached R$3,936.7 million in 2008, and EBITDA margin came to 34.8%. Operating costs and expenses (excluding depreciation/amortization) totaled R$1,939.2 million in the 4Q08, a reduction of 2.7% in comparison with the 4Q07.

BrT Movel's net service revenue totaled R$11,139.6 million in 2008, 2.3% higher than 2007. BrT Movel's EBITDA came to R$177.3 million in 2008, 245.2% higher than the previous year.

At the end of 2008, Brasil Telecom's mobile telephony client base reached 5.6 million users in service, a growth of 31.5% in comparison with 2007. Broadband users totaled 1.8 million in the 4Q08, 15.2% up on the previous year.

In 2008, the number of lines in service (LIS) totaled 8.1 million, a growth of 1.2% in comparison with 2007.

Consolidated investments came to R$1,097.6 million in the quarter, 80.3% up on the previous year. Of this total, R$709.3 million went to wireline and R$388.4 million went to mobile telephony.

Consolidated net debt totaled R$1,371.5 million, a growth of R$862.8 thousand in comparison with 2007. The year-on-year net debt increase was chiefly due to the payment of dividends/interest on equity and the reduction in working capital.

Brasil Telecom Contacts: Media Suzana Santos 55 (21) 3131-1211 suzana.santos@oi.net.br Investors 55 (21) 3131-1211 invest@oi.net.br

The full version of the 4Q08 earnings release is available on Brasil Telecom's IR website: www.brasiltelecom.com.br/ir

SOURCE Brasil Telecom Participacoes S.A.

http://www.brasiltelecom.com.br

For full details on Brasil Telecom Partic Sa (BRP) click here. Brasil Telecom Partic Sa (BRP) has Short Term PowerRatings of 4. Details on Brasil Telecom Partic Sa (BRP) Short Term PowerRatings is available at This Link.

    


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