Tele Norte Leste Participações S.A. (TNE)
Q4 2011 Earnings Call
March 30, 2012 10:30 am ET
Alex Zornig - CFO and IR Officer
Francisco Valim - CEO
Tarso Rebello - Controller
Eduardo Aspesi - Chief Marketing Officer
Biar Contege - Treasurer and IR Officer
Michel Morin - Morgan Stanley
Rizwan Ali - Deutsche Bank
Andrew Campbell - Credit Suisse
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.