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3Q09 Highlights
-- As planned in the 2Q09, the 3Q09 was the "back-to-talk" period.
Evidences can be seen through the MOU rebound following the success of
Infinity plan. Also, we can see sequential improvements on market share and
post-paid net additions.
-- On the Brand, TIM raised its advertising spending, increasing to ~29%
its share of investments in media in YTD'09.
-- Subscriber base: 39.6 million clients, 12.5% up from 3Q08. Such
performance continued to reflect our commercial recovery. Incremental net
share reached 27.3% in 3Q09, well above the same period of 2008 (18.3%).
-- Infinity plan continued to drive the pre-paid base growth and has
already reached over 11 million users in the 3Q09.
-- MOU registered 90 min. (vs. 73 min. in 2Q09), following great
acceptance of Infinity plan.
-- ARPU came at R$26.5 in the quarter, a flat performance when compared
QoQ, despite the strong net adds and ARPM decrease in the last 2 quarters.
-- Net service revenues increased 5.0% QoQ, to R$3,083 million -
reflecting the recovery of pre-paid traffic and post-paid subscriber base
increase.
-- Gross VAS revenues, stood at R$496 million, up 23.0% on a yearly basis
and accounting for 12% of gross service revenues.
-- Bad debt: continued to improve, reaching R$99.6 million (a drop of -
30.5% YoY), equals to 3.2% of net service revenues.
-- Total opex remained practically flat QoQ and YoY amounting to R$2,579
million - commercial momentum was partially offset by Efficiency Plan.
-- EBITDA totaled R$758.8 million, 3.1% higher than 2Q09 as a result of
top line improvement, but still 5.0% lower vs. 3Q08.
-- Net income was R$61 million, vs. a loss of R$12 million in 3Q08 and
R$15 million in 2Q09.
Conference Call in English: October 30th, 2009, at 12:30 PM Brasilia time. (10:30 AM US ET) For webcast: http://webcall.riweb.com.br/tim/20091030/english/ http://tim.riweb.com.br/tim/Download.aspx?id=15765
Investor Relations Contacts Rogério Tostes IR Manager ri@timbrasil.com.br (+55 21) 4009-3742
SOURCE: TIM PARTICIPACOES S.A.
mailto:ri@timbrasil.com.br
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