RIO DE JANEIRO, BRAZIL--(Marketwire - May 3, 2011) - TIM Participações S.A. (BOVESPA: TCSL3) (BOVESPA: TCSL4) (
See below the main highlights:
Speeding up business growth:
Subscriber base grew 24.7% YoY, with 8.5 million lines of gross adds (all time high for a first quarter) and net addition of 1.8 million lines;
Top line grew of 13.8% YoY and EBIT 109% higher versus 1Q10;
Data revenues reached R$640 million in 1Q11, 32.3% yearly growth, already accounting for 14% of mobile revenues (vs. 12% in 1Q10);
MOU reached 126 minutes this quarter (+26.7% YoY), showing a strong evidence of community based success;
Network quality in leadership position for 13 months in a row, having Call Drop rate at lowest level in the market;
SAC sharply decreased to R$36 (-51.3% YoY) -- reflecting efficiency on acquisition (SAC/ARPU at 1.8x vs. 3.2x in the 1Q10);
Total subsidy per handset sold declined 76% YoY, reaching R$23;
Bad debt reached new low at 0.8% of total gross revenues;
EBITDA reached R$1,033 million in 1Q11, 9% yearly growth (or 23% YoY growth without subsidy capitalization impact);
EBIT came 2.1x higher YoY, totaling R$350 million in 1Q11;
EBITDA -- CAPEX grew by 186% YoY, reaching R$736 million;
Net income totaled R$213 million in 1Q11, 4x higher YoY.11, 4x A/A.
Contact Information:
Rogerio Tostes
TIM Participacoes S.A.
Telephone: +55 21 4009-3742
Email: rtostes@timbrasil.com.br
Website: www.tim.com.br/ri