4Q04 Results - Tele Leste Celular Participacoes S.A.
February 18 2005 - 7:30AM
PR Newswire (US)
4Q04 Results - Tele Leste Celular Participacoes S.A. SAO PAULO,
Brazil, Feb. 18 /PRNewswire-FirstCall/ -- Tele Leste Celular
Participacoes S.A. - "Tele Leste" (Bovespa: TLCP3 (ON = Common
Shares); TLCP4 (PN = Preferred Shares); (NYSE:TBE), announces today
its consolidated results for the fourth quarter and full year of
2004 (4Q04 and 2004). R$ milhoes 4Q04 4Q03 2004 2003 Net Operating
Revenue 135.4 117.5 487.0 441.4 Total Operating Costs (106.4)
(87.5) (377.9) (314.0) EBITDA 29.0 30.0 109.1 127.4 EBITDA Margin
(%) 21.4 % 25.5 % 22.4 % 29.0 % Net Result (11.9) (6.6) (34.3)
(42.7) Number of customers (thousand) 1,320 1,126 1,320 1,126
Market share (source: Anatel) 42.3 % 55.0 % 42.3 % 55.0 % Net
Additions (thousand) 56 101 194 154 Absolute leadership in
innovation and variety of services launched on the market.
Successful in the differentiation strategy as regards its
competitors as a result of the provision of innovating services
such as "VIVO Encontra" and "VIVO Agenda". Successful in its high
value and corporate market focus. VIVO Empresas program reaches 1.5
million customers after 1 year of existence. TBE's customer base
rose 17.2% over last year and 4.4% over 3Q04, recording 1,320
thousand customers. Churn at 3.3% in 4Q04 remained stable in
relation to 3Q04, showing the successful customer retention
campaigns. ARPU increased by 6.4% in relation to 3Q04, despite the
competition exercised by four operators. Post-paid MOU increased by
12.5% and 8.0% in relation to 4Q03 and 3Q04, respectively. EBITDA
services margin for 2004, excluding revenues and selling costs of
handsets, was 39.6%, 2.7 p.p. higher than the previous year. Net
services revenue increased by 20.5% in relation to 4Q03, 3.3 p.p.
higher than the increase in the customer base in the same period.
Accrued losses decreased by 19.7% in relation to 2003. Productivity
increase in 4Q04 was 20.0% and 4.7% in relation to 4Q03 and 3Q04,
respectively, showing the growing improvement in operating
efficiency. Sustained growth of data revenues, which increased by
101.8% over last year, accounting for 2.3% of the net services
revenue in 2004 (for enabled terminals). To download the complete
version of the Company's earnings release, please visit our
website: http://www.vivo.com.br/ir Tele Leste Celular, along with
Telesp Celular Participacoes S.A. (controller of Tele Centro Oeste
Participacoes S.A.), Celular CRT Participacoes S.A., and Tele
Sudeste Celular Participacoes S.A., make up the assets of the Joint
Venture undertaken by Portugal Telecom and Telefonica Moviles,
operating under the VIVO brand, Top of Mind in the Brazilian
market. On December, 2004 the VIVO Group reached 26 million
customers, consolidating its market leadership. DATASOURCE: Tele
Leste Celular Participacoes S.A. CONTACT: VIVO Investor Relations,
+55-11-5105-1172, or Web site: http://www.vivo.com.br/
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