1Q05 Results - Tele Leste Celular Participacoes S.A.
April 29 2005 - 8:30AM
PR Newswire (US)
1Q05 Results - Tele Leste Celular Participacoes S.A. SAO PAULO,
Brazil, April 29 /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 first quarter of 2005 (1Q05). R$
million 1Q05 4Q04 1Q04 Net Operating Revenue 128.0 135.4 109.9
Total Operating Costs (92.2) (106.4) (80.2) EBITDA 35.8 29.0 29.7
EBITDA Margin (%) 28.0% 21.4% 27.0% Net Result (5.8) (11.9) (4.1)
Number of customers (thousand) 1,339 1,320 1,189 Market share
(source: Anatel) 40.4% 42.3% 53.3% Net Additions (thousand) 19 56
63 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. TBE�s customer base recorded 1,339 thousand
customers, having grown 12.6% in 1Q05 over 1Q04, within an
aggressive commercial environment. Churn at 2.6% in 1Q05, a 0.7
p.p. reduction in relation to 4Q04, showing the successful customer
retention campaigns. ARPU increased by 3.4% in relation to 1Q04,
despite the competition exercised by four operators, with 10.2%
increase in the post-paid ARPU. Post-paid MOU increased by 23.4% in
relation to 1Q04, having remained stable in relation to 4Q04.
EBITDA of R$ 35.8 million accounts for a 23.4% increase in relation
to 4Q04. EBITDA margin of 28.0%, 6.6 p.p. higher, despite the
strong commercial activity. Net services revenue increased by 18.7%
in relation to 1Q04, 6.1 p.p. higher than the increase in the
customer base in the same period. Year-to-date losses decreased by
51.3% in relation to 4Q04. Productivity increase in 1Q05 was 19.8%
and 5.7% in relation to 1Q04 and 4Q04, respectively, showing the
growing improvement in operating efficiency. Sustained growth of
data revenues, that increased by 208.3% over last year, accounting
for 2.6% of the net services revenue in 1Q05. 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. In April 2005 VIVO Group reached 27 million customers, thus
consolidating its market leadership. DATASOURCE: Tele Leste Celular
Participacoes S.A. CONTACT: VIVO Investor Relations,
+011-55-11-5105-1172, or Web site: http://www.vivo.com.br/
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