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Brasil Telecom Announces Net Revenue of R$2.8 Billion in 3Q08, a Growth of 3.4% in Comparison with the Previous Year
Wednesday, October 15, 2008 6:44 PM


BRASILIA, Brazil, Oct. 15 /PRNewswire-FirstCall/ -- Brasil Telecom Participacoes S.A. (NYSE: BRP; BOVESPA: BRTP3/BRTP4) registered consolidated net revenue of R$2,841.6 million in 3Q08, 3.4% up on 3Q07. Consolidated net income came to R$164.1 million, 9.2% higher than in 3Q07, and equivalent to R$0.4527 per share.

EBITDA reached R$952.5 million in 3Q08, and EBITDA margin stood at 33.5%. Operating costs and expenses amounted to R$2,394.7 million, 0.4% higher than 3Q07.

BrT Movel's net services revenue totaled R$442.5 million, 7.9% higher than in 3Q07. BrT Movel's EBITDA stood at R$70.9 million in 3Q08, 108.7% up on the same period the year before.

BrT Movel reached 5.2 million mobile users at the end of 3Q08, 30.4% up on 3Q07.

ADSL users in service totaled 1,761,900 at the end of the quarter, up by 15.7% year-on-year.

The number of lines in service (LIS) totaled 8,198,300 million, a growth of 1.7% in comparison with 3Q07.

In 3Q08, Brasil Telecom's investments totaled R$608.1 million, of which R$418.2 million was invested in fixed telephony, including voice, data, information technology and regulatory affairs, and R$190.0 million in mobile telephony.

Consolidated net debt stood at R$1,184.2 million, 54.9% higher than the previous year, mainly due to the growth in Capex, payment of Interest on Equity/Dividends, and a reduction in working capital.

In the beginning of September, Brasil Telecom launched 'Pluri Uso': a bundle of minutes that can be used for local and long distance calls in all the client's fixed and mobile telephony accesses. Other services, such as Turbo (Brasil Telecom's broadband), can be added to the bundle with special pricing and the client receives a single bill. Brasil Telecom is the only telco to offer this type of bundle in its concession area (Region 2).

The full version of the 3Q08 earnings release is available on Brasil Telecom's IR website: http://www.brasiltelecom.com.br/ir

SOURCE Brasil Telecom Participacoes S.A.

(Source: PR Newswire )


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