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TIM Participacoes S.A. Announces Its Consolidated Results for the Third Quarter 2009

Marketwire
posted: 25 DAYS 15 HOURS AGO

RIO DE JANEIRO, BRAZIL -- (Marketwire) -- 10/30/09 -- TIM Participações S.A. (BOVESPA: TCSL3) (BOVESPA: TCSL4) (NYSE: TSU), the company which controls directly TIM Celular S.A. and indirectly TIM Nordeste S.A., announces its results for the third quarter of 2009. TIM Participações S.A. ("TIM Participações" or "TIM") provides telecommunication services with a national presence.

3Q09 Highlights

--  As planned in the 2Q09, the 3Q09 was the "back-to-talk" period.
    Evidences can be seen through the MOU rebound following the success of
    Infinity plan. Also, we can see sequential improvements on market share and
    post-paid net additions.

--  On the Brand, TIM raised its advertising spending, increasing to ~29%
    its share of investments in media in YTD´09.

--  Subscriber base: 39.6 million clients, 12.5% up from 3Q08. Such
    performance continued to reflect our commercial recovery. Incremental net
    share reached 27.3% in 3Q09, well above the same period of 2008 (18.3%).

--  Infinity plan continued to drive the pre-paid base growth and hás
    already reached over 11 million users in the 3Q09.

--  MOU registered 90 min. (vs. 73 min. in 2Q09), following great
    acceptance of Infinity plan.

--  ARPU came at R$26.5 in the quarter, a flat performance when compared
    QoQ, despite the strong net adds and ARPM decrease in the last 2 quarters.

--  Net service revenues increased 5.0% QoQ, to R$3,083 million -
    reflecting the recovery of pre-paid traffic and post-paid subscriber base
    increase.

--  Gross VAS revenues, stood at R$496 million, up 23.0% on a yearly basis
    and accounting for 12% of gross service revenues.

--  Bad debt: continued to improve, reaching R$99.6 million (a drop of -
    30.5% YoY), equals to 3.2% of net service revenues.

--  Total opex remained practically flat QoQ and YoY amounting to R$2,579
    million - commercial momentum was partially offset by Efficiency Plan.

--  EBITDA totaled R$758.8 million, 3.1% higher than 2Q09 as a result of
    top line improvement, but still 5.0% lower vs. 3Q08.

--  Net income was R$61 million, vs. a loss of R$12 million in 3Q08 and
    R$15 million in 2Q09.
    

Conference Call in English:
October 30th, 2009, at 12:30 PM
Brasília time. (10:30 AM US ET)
For webcast: http://webcall.riweb.com.br/tim/20091030/english/
http://tim.riweb.com.br/tim/Download.aspx?id=15765

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Investor Relations Contacts
Rogério Tostes
IR Manager
ri@timbrasil.com.br
(+55 21) 4009-3742

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