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Tele Norte Leste Participacoes' CEO Discusses Q1 2012 Results - Earnings Call Transcript

Tele Norte Leste Participacoes SA (TNE)

Q1 2012 Earnings Call

May 15, 2012 11:40 AM EST

Executives

Alex Zornig – CFO, Chief Administrative Officer and Investor Relations Officer

Francisco Valim – CEO

Analysts

Sean Glickenhaus – HSBC

Matt Berns – Artha Capital Management

Sumit Dutta – New Street Research

Michel Morin – Morgan Stanley

Valder Nogueira – Santander

Rizwan Ali – Deutsche Bank

Presentation

Operator

Good morning, ladies and gentlemen. Thank you for standing by and welcome to Oi SA’s Conference Call to Discuss the First Quarter 2012 Results. 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 the 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 call. 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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