Tele Leste Celular Participacoes S.A. - 'Tele Leste' (BOVESPA: TLCP3 (Common Shares); TLCP4 (Preferred Shares); NYSE: TBE), Anno
October 29 2004 - 8:00AM
PR Newswire (US)
Tele Leste Celular Participacoes S.A. - 'Tele Leste' (BOVESPA:
TLCP3 (Common Shares); TLCP4 (Preferred Shares); NYSE: TBE),
Announces Today Its Consolidated Results For the Third Quarter of
2004 (3Q04) RIO DE JANEIRO, Brazil, Oct. 29 /PRNewswire-FirstCall/
-- HIGHLIGHTS R$ million 3 Q 04 2 Q 04 variation % 3 Q 03 variation
% Net Operating Revenue 121.1 120.5 0.5% 104.9 15.4% Net service
revenues 108.0 102.3 5.6% 94.8 13.9% Net handset revenues 13.1 18.2
-28.0% 10.1 29.7% Total Operating Costs (92.7) (98.4) -5.8% (73.2)
26.6% EBITDA 28.4 22.1 28.5% 31.7 -10.4% EBITDA Margin (%) 23.5%
18.3% 5.2 p.p. 30.2% -6.7 p.p. Depreciation and Amortization (26.2)
(27.7) -5.4% (30.4) -13.8% EBIT 2.2 (5.6) n.a. 1.3 69.2% Net Loss
(5.7) (12.6) -54.8% (15.7) -63.7% Total number of customers
(thousand) 1,264 1,240 1.9% 1,025 23.3% -- In relation to 3Q03 and
2Q04, Tele Leste's customers base increased by 23.3% and 1.9%,
respectively, reaching 1,264 thousand customers. -- SAC decreased
by 12.0% in relation to 2Q04, due to reductions in the total amount
of subsidies during the period. -- Churn decreased by 0.2% in
comparison to 3Q03 and 2Q04, due to initiatives designed to enhance
the Company's customer fidelity programs. -- Prepaid ARPU increased
by 2.5%, in comparison to 2Q04, despite competitive pressures from
four operators. -- Net service revenues increased by 5.6%, compared
to the 2Q04, 3.7 percentage points higher than the growth in the
customers base. -- EBITDA recorded a 28.5% increase in 3Q04 in
relation to 2Q04, representing a 23.5% margin in the quarter. --
Productivity increased by 27.6% and 2.5% in 3Q04 in relation to
3Q03 and 2Q04, respectively. -- Data revenues once again recorded
growth, reaching 2.5% of net revenue from services in 3Q04 (1.5% in
3Q03). 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
Telefonica Moviles and Portugal Telecom, operating under the VIVO
brand, Top of Mind in the Brazilian market. On October, 2004 the
VIVO Group reached 25 million customers, consolidating its market
leadership. DATASOURCE: Tele Leste Celular Participacoes S.A.
CONTACT: Charles E. Allen for VIVO, +55-11-5105-1172, or Web site:
http//http://www.vivo.com.br/
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