4Q08 and Year 2008 Results: VIVO Participacoes S.A.
S.A. (VIVO) (Bovespa: VIVO3 [ON = Common Shares] / VIVO4 [PN = Preferred
Shares]; NYSE: VIV), announced its consolidated results for the fourth quarter
2008 (4Q08) and for year 2008. The conclusion of the acquisition of Telemig
Celular Participacoes, the launching of the 3.5G – WCDMA/HSUPA network – with
the largest WCDMA coverage in
Northeast states, among many other achievements, converged to
to provide the best services for the individuals to be able to connect
themselves – whenever wished, however wished, wherever wished, every time
more. Thus, we fostered the company in a network, which brings along a lot of
opportunities for people to develop themselves, progress and live better. Thus
acting, we fed a virtuous cycle which is reflected on the self-sustainable
evolution of our own business, closing year 2008 with the best result since
Vivo was organized.
R$ million 4Q08 3Q08 4Q07
Net Revenue 4,268.3 4,078.2 3,744.3
Total Operating Costs (2,872.0) (2,753.9) 2,765.4)
EBITDA 1,396.3 1,324.3 978.9
EBITDA Margin (%) 32.7% 32.5% 26.1%
Net Result 215.5 133.9 26.2
Number of customers
(thousand) 44,946 42,277 37,384
Market share 29.8% 30.0% 30.9%
Net Additions (thousand) 2,668 1,842 2,449
In December, Vivo’s customer base reached 44,945 thousand customers, with
a 29.80% market share, reaffirming its leadership in the domestic market;
In 4Q08, Vivo managed to attract 2,668 thousand new customers, with 27.1%
in market share of net additions. In the year-to-date, it recorded 7,561
thousand new customers;
Self-supported data and VAS revenue, which grew 35.1% as for an inorganic
growth and 20.8% in a combined comparison in relation to 4Q07, representing
10% of the net service revenue in 4Q08;
EBITDA margin in the quarter of 32.7% growing 6.6 percentile points over
4Q07. EBITDA reached
an inorganic view point and 42.6% in a combined comparison over 4Q07;
In the year-to-date 2008, the EBITDA reached
increase of 37.3% in relation to the year-to-date for the previous year. The
EBITDA margin of 30.8% is 5.2 percentile points higher in the comparison
between the periods;
Net profit of
figure recorded for the previous quarter. In the year-to-date 2008, calculated
according to corporate criteria, such amount came to
A dividend proposal of
submitted to the General Shareholders Meeting.
To download the complete version of the Company’s earnings release, please
visit our website: www.vivo.com.br/ir
Investor Relations
+55 11 7420-1172
SOURCE Vivo Participacoes S.A.