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TIM Participacoes SA: Earnings Release 4Q11

RIO DE JANEIRO, BRAZIL -- (Marketwire) -- 02/16/12 -- TIM Participações S.A. (BOVESPA: TIMP3) (NYSE: TSU) announces its 4Q11 results and invites you to join the Conference Call, scheduled for today (February 16th, 2012).

TIM Participações S.A., the company which controls directly TIM Celular S.A., and Intelig Telecomunicações Ltda., announces its results for the fourth quarter of 2011 and 2011 fiscal year. TIM Participações S.A. provides telecommunication services with a nationwide presence in Brazil.

The following financial and operating Consolidated information, except where otherwise indicated, is presented according to IFRS and in Brazilian Reais (R$). All comparisons refer to the fourth quarter of 2010 (4Q10) and third quarter of 2011 (3Q11), except when otherwise indicated.

4Q11 Highlights: Business in continuous acceleration

  • Subscriber base reached 64.1 mln users, +25.6% YoY, backed by both pre-paid and post-paid growth (+25.8% and +24.4% YoY respectively);
  • Gross adds reached 11.8 mln lines (a record high ever), resulting in a strong net addition of 4.9 mln new lines. In 2011, gross adds totaled 39.8 mln and net adds 13.1 mln users;
  • Top line at R$4.7 bln grew by 19.4% YoY and net service revenues grew by 16.8% YoY;
  • Gross data revenues expanded 49.2% YoY to R$958 mln, reaching 17% of total mobile revenues (vs. 14% in 4Q10); Infinity Web daily Unique users reached over 2.7 mln;
  • Smartphone penetration surpassed 27% over total base (vs. 8% in Sept'10);
  • Outgoing Voice Revenues (+18% YoY) keeps growing at a strong pace;
  • EBITDA reached R$1,305 mln, +8.7% YoY and EBITDA margin registered 27.8%;
  • EBIT came at R$673 mln (+30.8% YoY);
  • Net income totaled R$405 mln in 4Q11, and R$1,285 mln in 2011, an increase of +66% vs. organic net income in 2010;
  • CAPEX (ex-TIM Fiber) totaled R$1,129 mln this quarter and R$2,983 mln in 2011, or 17.5% of net revenues;
  • Operating FCF in 2011 totaled R$1.65 bln with a growth of 21% vs. 2010.
  • Total dividend proposed for 2011 amounted in R$533 mln (vs. R$497 mln in 2010);
  • Leadership in Anatel network quality indicators for the last 12 months.

Conference Calls : February 16th, 2012 (Thursday)



11:00 AM Brazil (08:00 AM US EST)

Phone: +55 11 4706-0951 (Brazil)
Code: TIM
Replay: +55 (11) 4688-6312
Code: 1054407


01:30 PM Brazil (10:30 AM US EST)

Phone: +1 888 700-0802 (US)
+55 11 4688-6361 (Brazil)
+1 786 924-6977 (other)
Code: TIM
Replay: +55 (11) 4688-6312
Code: 0778890

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