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4Q08 and Year 2008 Results: VIVO Participacoes S.A.

Posted on: Friday, 13 February 2009, 03:00 CST

SAO PAULO, Brazil, Feb. 13 /PRNewswire-FirstCall/ -- VIVO Participacoes 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 Brazil, the beginning of operation in the Northeast states, among many other achievements, converged to one sole goal: 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.

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 R$ 1,396.3 million in the quarter, a growth of 53.7% from an inorganic view point and 42.6% in a combined comparison over 4Q07;

In the year-to-date 2008, the EBITDA reached R$ 4,867.5 million, an 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 R$ 215.5 million in the quarter, 60.9% higher than the figure recorded for the previous quarter. In the year-to-date 2008, calculated according to corporate criteria, such amount came to R$ 389.7 million.

A dividend proposal of R$1.0959 per common and preferred share, will be 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

ir@vivo.com.br

+55 11 7420-1172

SOURCE Vivo Participacoes S.A.

Source: PR Newswire

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