1T99

1T99


    Tele Celular Sul

    • Resultado Consolidado
    • No primeiro trimestre de 1999, a Receita Operacional Bruta atingiu R$ 182,7 milhões, representando um crescimento de 9% em relação ao 1º trimestre de 1998, que foi de R$ 167,7 milhões. O aumento foi resultante principalmente da expansão de 37% no número de assinantes da Companhia, ocorrido no período. No trimestre, o aumento da Receita não acompanhou o crescimento no número de assinantes em função da reestruturação nos preços dos serviços, iniciada em outubro de 1998. A habilitação reduziu 88%, a assinatura básica 30,5% e a utilização local 8%. Além disso, a Empresa isentou a habilitação e concedeu 100 minutos de utilização local gratuitos, temporariamente, como parte de sua estratégia de marketing . As vendas de Equipamentos, iniciadas no trimestre, representaram R$ 19,3 milhões ou seja; 11% da Receita Bruta.

    Tele Nordeste Celular

    • Tele Nordeste's net income for the first quarter of 1999 was R$13.6 million (US$7.9 million) or R$0.04 (US$0.02) per thousand shares, compared to R$26.2 million (US$15.2 million) for the first quarter 1998. Consolidated net operating revenues for the first quarter 1999 reached R$141.7 million (US$83.4 million), compared to R$122.8 million (US$71.4 million) for the first quarter 1998. The Company reported consolidated EBITDA of R$63.8 million (US$37.1 million) for the first quarter 1999, representing a 45.4% EBITDA margin over net operating revenues, compared to the R$71.6 million EBITDA and 58.3% EBITDA margin reported for the first quarter of 1998. EBIT for the first quarter 1999 decreased to R$35.5 million US$20.6 million) while EBIT margin dropped to 25.2% compared to EBIT of R$61.1 million (US$35.5 million) and 49.8% EBIT margin reported for the first quarter of 1998.
    • During the first quarter of 1999, some Tele Nordeste's subsidiaries decided to defer the effect of the exchange rate devaluation on financing incurred during the first quarter of 1999. This kind of deferment was approved by the Presidential decree (Medida Provisória) n. 1.818 of March 25, 1999, and by CVM deliberation n. 294, of March 26, 1999, for amortization over a four year period. The effects of this change on consolidated net income for the first quarter of 1999 resulted in a reduction in financing expenses of R$16.9 million (US$9.8 million). Management may still decide on a full amortization within the current year.
    • At 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) n. 162, of December 31, 1998, in order to adequately reflect the life of these assets. This change resulted in an increase of R$13.6 million in the depreciation charges for the first quarter of 1999 and in the reduction of consolidated net income of approximately R$9.1 million. Despite this reduction in net income, it had a positive effect on cash generation.
    • The Ordinary Shareholders' Meeting held on April 28, 1999, approved the Company's payment of dividends for 1998 on June 28, 1999. At the Extraordinary Shareholders' Meeting that took place on the same day, changes in the Company's bylaws were approved and the Company's legal residence was changed from Brasília, Distrito Federal, to Recife, Pernambuco.

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