TIM Brasil totals its subscriber base to 35.2Mn in Q3’08 (Brazil)

TIM Brasil, third largest mobile operator in terms of subscribers, posted its third quarter results ended 30 September. TIM Brasil reports its first net profit after adding more customers and keeping subscriber acquisition costs (SACs) down, media reported. Net income was USD10.6 million for the period under review, reversing a net loss of BRL127 million in the same period of 2007. Revenue mounts by 6.1% year-on-year to BRL3.36 billion. The operator adds net six million new mobile users in this quarter, subscriber base reaches to 35.2 million. The cellco cut its SACs from BRL129 to BRL110 as it cut handset subsidies. Prepaid subscribers increase from 77% (a year earlier) to 81% of the total base in third quarter.

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