3Q10 Results: VIVO Participacoes S.A.

SAO PAULO, Nov. 10, 2010 /PRNewswire-FirstCall/ -- VIVO Participacoes S.A. (VIVO) (Bovespa: VIVO3 [ON = Common Shares] / VIVO4 [PN = Preferred Shares]; NYSE: VIV), announced its consolidated results for the third quarter 2010 (3Q10). Vivo maintains high growth of revenues and improves profitability in this quarter with consistent increase in the EBITDA and in the profit, besides expanding its leadership in the postpaid segment.

Vivo's customer base totaled 57,714 thousand accesses (18.2% annual growth);

Vivo's postpaid customer base recorded annual growth of 30.3%  (share of 49.8% of net additions in the postpaid segment in the quarter);

Market share of 30.14%, annual increase of 0.74 p.p. (35.3% in the postpaid segment);

1,737 thousand new accesses in the quarter, (41.5% in the postpaid segment);

Annual increase of 10.1% in the Net Service Revenue totaling R$ 4,307.6 million, (ARPU grew sequentially for the 2nd consecutive quarter);

Annual growth of 61.4% in Data and VAS Revenue which accounts for 19.6% of the net service revenue (Internet revenue grew 92.3%);

EBITDA Margin of 33.4% in the quarter (+2.9 p.p. vs. 2Q10);

EBITDA increased by 10.1% over 3Q09, recording R$ 1,537.8 million in the quarter;

Net profit of R$ 601.8 million in 3Q10, with growth of 80.9% over 3Q09 (155.0% vs. 2Q10);

Cash flow recorded R$ 1,372.3 million in the quarter (73.6% higher than in 3Q09);

Net debt in 3Q10 in the amount of R$ 2,411.8 million (43.2% lower than in 3Q09). Long-term debt of 81%.

To download the complete version of the Company's earnings release, please visit our website: www.vivo.com.br/ri

SOURCE VIVO Participacoes S.A.