TIM Brasil narrows net loss to USD142 million in 2006

7 Mar 2007

Brazilian mobile operator TIM Brasil narrowed its net loss to BRL302 million (USD142 million) in 2006, from BRL989 million in 2005, reports BNamericas citing a company statement. The operator reported revenues of BRL13.9 billion last year, up 23.5% year-on-year, partly the result of higher returns from value added services (VAS) such as MMS and GPRS downloads, which contributed BRL886 million to the total, up from BRL584 million in 2005. EBITDA climbed 68% to BRL2.49 billion, from BRL1.48 billion; the EBITDA margin was 24.6%, up from 17.8% in 2005. TIM Brasil ended 2006 with 25.4 million subscribers, up from 20.1 million and the start of the year, 20 million of whom were pre-paid. Monthly ARPU in 2006 was BRL33.1, down from BRL33.6. By the start of 2007 TIM’s GSM network covered 91.6% of the urban population and 2,453 municipalities countrywide.

Brazil, TIM Brasil