Telesp Celular Participacoes Reports Results for 3Q02 and a Relevant Notice on Telesp Celular Migration to PCS.Business Editors and Telecommunications Writers SAO Sa´o n. 1. (Zool.) Any marine annelid of the genus Hyalinæcia, especially H. tubicola of Europe, which inhabits a transparent movable tube resembling a quill in color and texture. PAULO, Brazil--(BUSINESS WIRE)--Oct. 25, 2002 Telesp Celular Participacoes S.A. ("TCP (1) (Transmission Control Protocol) The reliable transport protocol within the TCP/IP protocol suite. TCP ensures that all data arrive accurately and 100% intact at the other end. ") (NYSE NYSE See: New York Stock Exchange :TCP) (BOVESPA See Bolsa de Valores de Sao Paulo. : TSPP TSPP Tetrasodium Pyrophosphate TSPP tetrakis(4-sulfophenyl)porphine 3 (Common), TSPP4 (Preferred)) announced today its consolidated results for the third quarter 2002 and a relevant notice on Telesp Celular S.A. migration to PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. . TCP is the holding company that owns 100% of Telesp Celular S.A., the largest cellular operator in Brazil, and indirectly holds 83% of the capital of Global Telecom (49% of the voting capital), the B Band cellular operator in the states of Santa Catarina and Parana. The full earnings release can be downloaded from the IR page on the Company's website ( www.telespcelular.com.br ). TELESP CELULAR S.A. HIGHLIGHTS -- Market share reached 67%. The client base grew to 5,755 thousand, a 4.2% increase compared to 2Q02, representing a net addition of 234,000 new clients. -- Subscriber Acquisition Cost totaled R$ 93, compared to R$ 99 in 2Q02 and to R$ 135 in 3Q01. -- Capital expenditures in this quarter were of R$ 87 million and totaled R$ 193 million in 9M02. -- Net revenues were of R$ 850.5 million, a decrease of 1.2% compared to 2Q02. -- Average Revenue per User (ARPU) was of R$ 44, compared to R$ 46 in the 2Q02, but higher than the R$ 43 recorded in the same quarter of 2001. -- EBITDA reached a record of R$ 380.2 million, a growth of 7.7% over 2Q02 and a 59.1% increase over 3Q01. -- EBITDA margin increased from 41.0% in 2Q02 and 32.1% in 3Q01 to 44.7% in this quarter, the highest margin since 2Q99. 3Q02 CONFERENCE CALL
Date: October 29, 2002 (Tuesday)
Time: 11:00 am (Eastern Time)
Phone Number: +1 (706) 634-6093
Conference Call ID: 6234657 (or Telesp Celular)
RELEVANT NOTICE Additionally, TCP informed in a relevant notice that both its Board of Directors and Telesp Celular's S.A. Extraordinary Shareholders' Meeting approved, on October 24th, the migration of the concession instruments of the Mobile Telecommunication Services (Brazilian SMC) of Telesp Celular S.A. to the regulatory regime of the Personal Communication Services (communications) Personal Communication Services - (PCS) Telecommunications services that bundle voice communications, numeric and text messaging, voice-mail and various other features into one device, service contract and bill. PCS are carried over cellular links, most often digital. (PCS), through the formalization of the Authorization and Migration Instrument with Anatel -- the Brazilian Communications regulator. |
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