Brasil Telecom Announces Its 2008 Results
February 10 2009 - 5:58PM
PR Newswire (US)
BRASILIA, Brazil, Feb. 10 /PRNewswire-FirstCall/ -- Brasil Telecom
Participacoes S.A. (BOVESPA: BRTP3/BRTP4; NYSE: BRP) registered
consolidated gross revenue of R$17,007.1 million in 2008, up by
6.3% year-on-year. Consolidated net income came to R$782.2 million,
16.2% up on 2007 and equivalent to R$ 2.1579 per share. EBITDA
reached R$3,936.7 million in 2008, and EBITDA margin came to 34.8%.
Operating costs and expenses (excluding depreciation/amortization)
totaled R$1,939.2 million in the 4Q08, a reduction of 2.7% in
comparison with the 4Q07. BrT Movel's net service revenue totaled
R$11,139.6 million in 2008, 2.3% higher than 2007. BrT Movel's
EBITDA came to R$177.3 million in 2008, 245.2% higher than the
previous year. At the end of 2008, Brasil Telecom's mobile
telephony client base reached 5.6 million users in service, a
growth of 31.5% in comparison with 2007. Broadband users totaled
1.8 million in the 4Q08, 15.2% up on the previous year. In 2008,
the number of lines in service (LIS) totaled 8.1 million, a growth
of 1.2% in comparison with 2007. Consolidated investments came to
R$1,097.6 million in the quarter, 80.3% up on the previous year. Of
this total, R$709.3 million went to wireline and R$388.4 million
went to mobile telephony. Consolidated net debt totaled R$1,371.5
million, a growth of R$862.8 thousand in comparison with 2007. The
year-on-year net debt increase was chiefly due to the payment of
dividends/interest on equity and the reduction in working capital.
Brasil Telecom Contacts: Media Suzana Santos 55 (21) 3131-1211
Investors 55 (21) 3131-1211 The full version of the 4Q08 earnings
release is available on Brasil Telecom's IR website:
http://www.brasiltelecom.com.br/ir DATASOURCE: Brasil Telecom
Participacoes S.A. CONTACT: Media, Suzana Santos,
+011-5521-3131-1211, , or Investors, +011-5521-3131-1211, Web site:
http://www.brasiltelecom.com.br/
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