TIM Reports Its Earnings Release 2Q11

(firmenpresse) - RIO DE JANEIRO, BRAZIL -- (Marketwire) -- 08/03/11 -- (BOVESPA: TCSL3) (BOVESPA: TCSL4) (NYSE: TSU) announces its 2Q11 results and invites you to join the Conference Call, scheduled for tomorrow (August 3rd, 2011).

See below the main highlights:



Conclusion of migration to 'Novo Mercado';

Top line growth of by 19.5% YoY and net service revenues increase of 11.8% YoY;

Subscriber base grew 25.0% YoY, with gross adds of 9.3 million lines (a new record for a second quarter) and net addition of 2.7 million lines;

Data revenues reached R$734 million in 2Q11, 33.5% yearly growth, already accounting for 15% of mobile revenues (vs. 13% in 2Q10);

ARPU reached R$21.6 (+3.7% QoQ and -10.9% YoY);

MOU reached 127 minutes (+15.4% YoY), showing a strong evidence of community based concept;

EBITDA reached R$1,138 million in 2Q11, 13% yearly growth, or +23% YoY when excluding subsidy capitalization impact;

EBIT came at R $529 million in 2Q11 (+122% YoY);

CAPEX totaled R$719 million this quarter (17% of net revenues);

Net income totaled R$350 million in 2Q11, +178% YoY;

Network quality in leadership position for the last 12 months, according to Anatel metrics.



Portuguese, August 3rd, 2011 (Wednesday)

10:45 AM (Brazil)
09:45 AM (US EST)
Phone: +55 11 4688 6361 (Brazil)
Code: TIM
Replay: +55 11 4688-6312
Code: 7989719

English, August 3rd, 2011 (Wednesday)

13:30 PM (Brazil)
12:30 AM (US EST)
Phone: +1 888 700 0802 (USA)
+1 786 924 6977 (other countries)
+55 11 4688 6361 (Brazil)
Code: TIM
Replay: +55 11 4688 6312
Code: 1058032





TIM Participacoes S.A.
Telephone: +55 21 4009-3742
Email:
Website:

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Bereitgestellt von Benutzer: MARKET WIRE
Datum: 03.08.2011 - 14:56 Uhr
Sprache: Deutsch
News-ID 41489
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RIO DE JANEIRO, BRAZIL

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Commercial & Investment Banking

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