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Tele Norte Leste Participações S.A's CEO Discusses Q4 2011 Earnings Results - Conference Call Transcript

Tele Norte Leste Participações S.A. (TNE)

Q4 2011 Earnings Call

March 30, 2012 10:30 am ET

Executives

Alex Zornig - CFO and IR Officer

Francisco Valim - CEO

Tarso Rebello - Controller

Eduardo Aspesi - Chief Marketing Officer

Biar Contege - Treasurer and IR Officer

Analysts

Michel Morin - Morgan Stanley

Rizwan Ali - Deutsche Bank

Andrew Campbell - Credit Suisse

Presentation

Operator

Good morning ladies and gentlemen. Thank you for standing by and welcome to Oi’s conference call to discuss the fourth quarter and year 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 www.oi.com.br/ir together with their respective presentation and the earnings release.

We would like to inform that during the company's presentation all participants will only be able to listen to the conference. We will then begin the Q&A 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 as 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 like to turn the conference call over to Mr. Alex Zornig, CFO and IR officer. Please Mr. Alex, you may proceed.

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