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Q3 2007 Tele Norte Celular ParticipaAs.A[micro]es S.A. (Amazonia) Earnings Conference Call - Final.

Publication: Fair Disclosure Wire
Publication Date: 08-NOV-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Original Source: FD (FAIR DISCLOSURE) WIRE

OPERATOR: Good morning, ladies and gentlemen. We would like to welcome you to Telemig and Tele Norte Celular Third Quarter 2007 Earnings Conference. Today with us, we have Ricardo Antunes Agostini, Finance Executive Director of Telemig Celular Participacoes, and Tele Norte Celular Participacoes, replacing Mr. Andre Mastrobuono in this conference call.

We would like to inform you that this event is being recorded and all participants will be in listen-only mode during the Company's presentation. After Telemig and Tele Norte Celular remarks are completed, there will be a question-and-answer section. At that time, further instructions will be given. [OPERATOR INSTRUCTIONS]. We have a simultaneous webcast that maybe accessed through the Company's IR website at www.telemigholding.com.br. The slide presentation may be downloaded from this website. Please feel free to flip through the slides during the conference call. There will be a replay facility for this call on the website. We remind you that question, which will be answered during the Q&A session maybe posted in advance on the website.

Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of 1996. Forward-looking statements are based, on the beliefs and assumptions of Telemig Celular Participacoes and Tele Norte Celular Participacoes' management, and on information currently available to the Company. They involve risks, uncertainties and assumptions because they relate to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that general economic conditions, industry conditions, and other operating factors could also affect the future results of Telemig Celular Participacoes and Tele Norte Celular Participacoes and could cause results to differ materially from those expressed in such forward-looking statements.

It is now my pleasure to turn the call over to Mr. Ricardo Agostini, who will comment on the Company's operating and financial performances for the third quarter of 2007. Mr. Agostini, you may begin your conference.

RICARDO ANTUNES AGOSTINI, FINANCE EXECUTIVE DIRECTOR OF TELEMIG CELULAR PARTICIPACOES, TELE NORTE CELULAR PARTICIPACOES S.A: Good morning to everyone. Thank you for joining us today to discuss our third quarter 2007 results. Let us first commence with the Telemig's operating and financial results.

On slide number 3, our third quarter 2007 performance compared to the same quarter of 2006. We can see here improvements in outlook are indicated. We ended the quarter with a total base of 3.615 million clients, a 5.6% growth compared to the same quarter of 2006. Blended ARPU which is the average revenue per user reached at R$29.1 with the prepaid ARPU increasing by 23%, the best performance in this third quarter of [2004].

The Company's EBITDA margin reached at 34.8% of net service revenues. Our net income in the quarter was R$38.2 million. Our business...



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