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Tele Norte Leste Participacoes' CEO Discusses Q2 2011 Results - Earnings Call Transcript

Tele Norte Leste Participacoes SA (TNE)

Q2 2011 Earnings Call

August 16, 2011 10:30 AM ET


Alex Waldemar Zornig – IR Officer

Francisco Valim – CEO


Michel Morin – Morgan Stanley

Andrew Campbell – Credit Suisse

Daniel Morris – JP Morgan

Miguel Garcia – Deutsche Bank

Michelle Morin – Morgan Stanley

Chris Wright – Credit Suisse



Good morning, ladies and gentlemen. Thank you for standing by and welcome to Oi’s Conference Call to discuss the Second Quarter of 2011 Results of Oi and its direct and indirect subsidiaries. This event is also being broadcast simultaneously on the Internet via webcast, which can be accessed on the company’s IR website,, together with the respective presentation and the earnings release.

We would like to inform you that during the company’s presentation, all participants will only be able to listen to the call. We will then begin the question-and-answer session, when further instructions will be given. (Operator Instructions)

This conference call contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause the company’s actual results to differ materially from those in the forward-looking statements. Such statements speak only of the date they are made, and the company is under no obligation to update them in light of new information or future developments.

I will now turn the conference over to Mr. Alex Zornig, Investor Relations Officer. Please, Mr. Alex, you may proceed.

Alex Waldemar Zornig

Thank you. Good morning, everyone. Welcome to the conference call of Oi’s consolidated first quarter 2011 results. The presentation is already available in our website, Today with me are Mr. Francisco Valim, the current CEO, (inaudible), Paulo Matt, the Regulation Director, (inaudible) Marketing Director and Bayard Gontijo, Treasury and our IR Director

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