Brasil Telecom Announces Gross Revenue of R$4.1 Billion and Net Income of R$205.6 Million In The 4Q07
January 29 2008 - 7:39PM
PR Newswire (US)
BRASILIA, Brazil, Jan. 29 /PRNewswire-FirstCall/ -- Brasil Telecom
Participacoes S.A. (BOVESPA: BRTP3/BRTP4; NYSE: BRP) registered
recurring EBITDA of R$980.1 million in the 4Q07, 18.1% higher than
the 4Q06. Brasil Telecom's consolidated quarterly EBITDA totaled R$
902.3 million, accompanied by a consolidated EBITDA margin of
31.4%, versus R$ 947.1 million and 34.6%, respectively, in the
4Q06. Consolidated net revenue totaled R$2,876.1 million in the
4Q07, 4.9% up on the 4Q06, and Brasil Telecom recorded 4Q07 net
income of R$ 205.6 million, equivalent to R$ 0.5673 per share.
Sustaining the positive results reached in every quarter in 2007,
BrT Movel's EBITDA stood at R$ 10.3 million in the 4Q07, R$ 44.1
million up on the same period the year before. The EBITDA margin of
the mobile operations came to 2.1%, 10.2 p.p. up on the 4Q06. In
the 4Q07, Brasil Telecom added 44,600 ADSL users to its network,
totaling 1,567,800 users in service at the end of the year, up by
19% year-on-year. ADSL users represented 19.5% of Brasil Telecom's
network in the 4Q07, versus 15.7% in the 4Q06. Moving on with the
expansion of the broadband network, Brasil Telecom reached 80% of
the municipalities with ADSL coverage, the highest percentage among
large operators. Another important front of innovation is the
pursuit of alternative solutions for broadband access in places
difficult to serve through physical means. The Brasil Telecom group
is thus testing Wi-Max technology, in pre-commercial phase, in the
cities of Curitiba and Porto Alegre (Wi-Max -- Worldwide
Interoperability for Microwave Access -- Wireless broadband access
with international interoperability standard). The Internet Group,
responsible for Brasil Telecom's Internet services, recorded 1.4
million broadband clients nationwide at the end of 2007, up by
26.3% on the same period the previous year, maintaining its
leadership in Region II. Gross revenue from data communication
amounted to R$735.3 million in the 4Q07, 18.1% higher than in the
4Q06. This was chiefly due to the growth of 19% in the ADSL client
base. BrT Movel reached 4,262,700 mobile users at the end of the
4Q07, with 238,900 net additions in this quarter. In the 4Q07, BrT
Movel's client base grew by 26.2% year-on-year while the Brazilian
market increased by 21.1%. Its market share in Region II came to
13.2%, 1.1 p.p. higher than in the previous year. The mobile
telephony's consolidated gross revenue totaled R$542.9 million in
the 4Q07, R$468.1 million of which from services and R$74.8 million
from the sales of handsets and accessories. Operating costs and
expenses totaled R$2,559.8 million, 1.9% higher than the R$2.511.7
million recorded in the 4Q06. The ratio between losses with
accounts receivable and gross revenue was 2%, totaling R$83.8
million, 0.4 p.p. below the figure recorded in the 4Q06. The
reduction in losses was due to the improved phone collection
performance. In the 4Q07, Brasil Telecom's investments totaled
R$608.8 million while net debt stood at R$489.9 million, 62.7% less
than in December 2006. The full version of the 3Q07 earnings
release is available on Brasil Telecom's IR website:
http://www.brasiltelecom.com.br/ir DATASOURCE: Brasil Telecom
Participacoes S.A. CONTACT: Investors, +1-55-61-3415-1140, , or
Media, +1-55-61-3415-1378, , both of Brasil Telecom Web site:
http://www.brasiltelecom.com.br/
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