teleco.com.br

11/01/2011

In this page: Oi's quarter consolidated results with BrT. Source: Tele Norte Leste.

Commentary

In 3Q11, Oi's net revenue decreased 1.9%.

EBITDA dropped 11.7% over 3Q10, with EBITDA margin of 35.6%. The quarter ended with net profit of R$426 million.

Oi acquired BrT in Jan/09. The following presents Oi's consolidated results incorporating BrT's in 1Q09, the operational performance and the consolidated pro forma financial economic result for both operators in 1Q08.

Fixed (Thousands)	1Q10	2Q10	3Q10	4Q10	1Q11	2Q11	3Q11	∆Qter (%)	∆Year (%)
Accesses in Service	21,085	20,759	20,410	20,025	19,747	19,400	19,078	(1.7%)	(6.5%)
Residential	15,025	14,778	14,487	14,161	13,925	13,585	13,277	(2.3%)	(8.4%)
Commercial	5,211	5,131	5,088	5,037	4,998	4,989	5,004	0.3%	(1.7%)
TUP	850	849	836	827	824	825	797	(3.4%)	(4.7%)
Alternative Plans (Thousand)	13,284	13,252	12,927	12,455	12,874	13,227	13,155	(0.5%)	1.8%
% of the accesses in Service	63.0%	63.8%	63.3%	62.2%	65.2%	68.2%	69.0%	-	-
ARPU Oi Fixed (R$)	55.5	55.2	55.3	53.7	51.7	51.2	50.1	(2.1%)	(9.4%)
Residential (%)	71.3%	71.2%	71.0%	70.7%	70.5%	70.0%	69.6%	-	-

Broadband - Oi Velox (Thousands)	1Q10	2Q10	3Q10	4Q10	1Q11	2Q11	3Q11	∆Qter	∆Year
Broadband Users	4,266	4,307	4,324	4,354	4,513	4,642	4,776	2.9%	10.5%
% of the accesses in Service	20.0%	20.5%	21.0%	21.5%	22.6%	23.7%	25.0%	-	-
Broadband ARPU (R$)	42.1	42.6	43.8	42.7	40.6	39.3	39.1	(0.5%)	(10.7%)

Million R$	1Q10	2Q10	3Q10	4Q10	1Q11	2Q11	3Q11	∆Qter (%)	∆Year (%)
Total Gross Revenue	11,545	11,538	11,436	11,407	10,899	11,099	10,925	(1.6%)	(4.5%)
Fixed Telephony Revenue	8,842	8,543	8,507	8,333	7,991	7,827	7,606	(2.8%)	(9.2%)
Mobile Telephony Revenue	2,601	2,777	2,835	2,977	2,678	2,973	3,064	3.1%	8.1%
Other Services Revenue (TV)	101	218	95	97	230	298	255	(14.5%)	169.4%
Total Net Revenue	7,462	7,394	7,346	7,298	6,933	7,077	6,940	(1.9%)	(5.5%)
EBITDA	2,532	2,688	2,795	2,275	1,985	2,476	2,467	(0.3%)	(11.7%)
EBITDA Margin	33.9%	36.4%	38.1%	31.2%	28.6%	35.0%	35.6%	-	-
EBIT	1,409	1,121	1,249	712	529	1,041	1,100	5.7%	12.0%
Net Profit (Loss)	496	410	538	284	(395)	354	426	20.5%	21%
Investments	372	447	600	1.674	829	1,042	957	(8.2%)	59.5%
Net Debt	21,270	20,955	19,324	18,711	14,390	16,207	16,103	(0.6%)	(16.7%)

Gross Revenue - Fixed Tel. (Million R$)	1Q10	2Q10	3Q10	4Q10	1Q11	2Q11	3Q11	∆Qter (%)	∆Year (%)
Local Service (Fixed - Fixed)	3,244	3,245	3,156	3,041	2,990	2,885	2,753	(4.6%)	(12.8%)
Subscription	2,818	2,855	2,763	2,700	2,674	2,617	2,534	(3.2%)	(8.3%)
Local Traffic	424	388	392	340	316	268	219	(18.3%)	(44.2%)
Habilitation	41	42	40	33	32	34	38	9.0%	(5.1%)
Collect Calls	1	1	1	1	0	0	0	(25.0%)	(50.0%)
Other Revenues	1	1	0	0	0	0	0	0.0%	(75.0%)
Long Distance (Fixed - Fixed)	1,196	1,052	1,045	1,035	1,006	949	886	(6.6%)	(15.2%)
INternational Long Distance	19	16	17	16	15	14	14	3.7%	(16.7%)
Service Fixed-Mobile	1,355	1,300	1,300	1,230	1,148	1,142	1,117	(2.3%)	(14.1%)
VC1	1,020	991	1,001	960	889	889	873	(1.7%)	(12.7%)
VC2 and VC3	335	309	299	270	259	254	243	(4.1%)	(18.7%)
TUP	165	136	113	118	120	83	53	(35.9%)	(53.0%)
Data Communication	2,277	2,234	2,318	2,354	2,150	2,173	2,226	2.4%	1.6%
Net Usage (Interconnection)	239	225	240	212	230	255	226	(11.1%)	(5.6%)
Others (advanced voice, additional services)	347	336	318	327	333	327	331	1.2%	4.1%
Gross Revenue - Fixed Telephony	8,842	8,543	8,507	8,333	7,991	7,827	7,606	(2.8%)	(9.2%)

Investments	1Q10	2Q10	3Q10	4Q10	1Q11	2Q11	3Q11	∆Qter	∆Year
Fixed Tel. Investments	237	281	398	1.214	637	769	715	(7.0%)	79.6%
Expansion and quality	82	99	136	739	237	329	329	0.0%	141.9%
Data / common system /others	156	182	262	475	400	440	386	(12.3%)	47.3%
Mobile Telephony	135	166	202	460	192	273	242	(11.4%)	19.8%
Expansion and quality	135	166	202	460	192	273	242	(11.4%)	19.8%
Total	372	447	600	1,674	829	1,042	957	(8.2%)	59.5%