9383 TIM | Relações com Investidores - 2T99

2T99

2T99

    Tele Celular Sul

    • Crescimento de 48% na base de assinantes em relação ao 2º trimestre de 1998.
    • Lançamento do serviço Pré-pago, denominado Pronto.
    • Digitalização de 67% das Estações Radio Base e 44% dos municípios atendidos.
    • Implantação do sistema de Faturamento e Arrecadação (BSCS) e de Gestão Empresarial (SAPR/3).
    • Pagamento de Dividendos e Juros sobre o Capital Próprio.
    • Constituição das Diretorias Executivas: Diretoria de Finanças e de Relações com o Mercado, Diretoria de Tecnologia, Diretoria de Negócios, Diretoria de Operações e Diretoria de Administração Geral.
    • Desativação de 73 Estações Radio Base incompatíveis com o processo de digitalização e substituição das mesmas por equipamentos mais avançados.

    Tele Nordeste Celular

    • Tele Nordeste's net income for the second quarter of 1999 was R$2.9 million (US$1.6 million) resulting in a total of R$16.5 million (US$9.3 million) for the first half of 1999 or R$0.05 (US$0.03) per thousand shares, compared to R$22.6 million (US$12.8 million) for the second quarter of 1998 and R$48.5 million (US$27.4 million) for the first half of 1998. Consolidated net operating revenue for the second quarter of 1999 reached R$150.4 million (US$85.0 million), resulting in a total of R$290.9 million (US$164.4 million) for the first half of 1999, compared to R$107.2 million (US$60.6 million) for the second quarter of 1998 and R$230.0 million (US$130.0 million) for the first half of 1998.
    • For the second quarter of 1999, the Company reported consolidated EBITDA and EBIT of R$49.7 million (US$28.1 million) and R$20.5 million (US$11.6 million), respectively, representing a 33.0% EBITDA margin and a 14.0% EBIT margin over net operating revenues, compared to the R$54.7 million (US$30.9 million) EBITDA and R$43.8 million (US$ 24.8 million) EBIT, representing a 51% EBITDA margin and a 41% EBIT margin over net operating revenues, reported for the second quarter of 1998.
    • The exchange losses related to the devaluation of the real in the first quarter of 1999 were deferred for future amortization. In this regard, the amount of R$3.4 million (US$1.9 million) has been amortized and charged to income in the second quarter of 1999. The balance to be amortized at June 30, 1999, was R$29.4 million (US$16.6 million). All amounts represent pretax figures. This deferment has been approved by the Brazilian CVM, for amortization within four years or when the loss is effectively disbursed, whichever occurs first.
    • On January 1, 1999, Tele Nordeste's subsidiaries adopted the maximum rates of depreciation for automatic switching and transmission equipment, established in the Normative Instruction SRF (The Brazilian Internal Revenue Service) nº 162, of December 31, 1998, in order to adequately reflect the life of these assets. This change resulted in an increase of R$17.9 million (US$10.1 million) in depreciation charges for the second quarter of 1999, and in a decrease of consolidated net income of approximately R$11.9 million (US$6.7 million). Despite this decrease in net income, it had a positive effect on cash generation.

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