TIM Participações S.A. (NYSE:TSU) Q1 2016 Earnings Conference Call - Preliminary Transcript

May 12, 2016 • 08:00 am ET


TIM Participações S.A. (NYSE:TSU) Q1 2016 Earnings Conference Call - Preliminary Transcript


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Good morning, ladies and gentlemen. We would like to welcome everybody to TIM Participacoes First Quarter 2016 Results Conference Call. We would like to inform you that this event is being recorded and all participants will be in a listen-only mode during the company's presentation. There will be a replay of this call on the website. After TIM Participacoes remarks are completed, there will be a question-and-answer session for participants.

At that time, further instructions will be given. Before proceeding, let me mention that the forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of 1996. Forward-looking statements are based on the beliefs and assumptions of TIM Participacoes' management. They involve risks, uncertainties and assumptions, because they are related to future events and therefore depend on circumstances that may or may not occur in the future. Investors should understand that the internal and external factors could also affect the future results of TIM Participacoes.

[Operator Instructions]

Now, I will turn the conference over to the IRO, Mr. Rogerio Tostes. Please, Mr. Tostes, you may proceed.

Rogerio Tostes

Hello, good afternoon, everyone and thank you for joining us in our results conference call. I would like also to thank the presenters for our management team and inform you that they will be available during the Q&A session as usual. As disclosed yesterday through a marketing material fact, we announced the arrival of Mr. Stefano De Angelis in the position of CEO, In spite of recent nominations, Stefano is an old friend who has been with us as the CFO for the company from 2004 to 2007.

Stefano has also led Telecom Italia as the CEO where he conducted its business integration. Recently he was responsible for consumer and business at Telecom Italia leading a successful position with visible results improvement. Stefano will be replacing Mr. Rodrigo, who has been with us for the rest three years where they had an important legacy, especially on the recovery of our credibility and construction investments, reposition us to data offer and the focus on people.

On behalf of our employees and our management team, I would like to thank Mr. Rodrigo Abreu for his commitment, dedication and for his important contribution to the development of the company and advance of his commitment is here and Rodrigo Abreu is with us for the session and presentation where he would be discussing the performance of the first quarter. Now I'll turn over the floor to Mr. Rodrigo Abreu please. R

Rodrigo Abreu

Thank you, Rogerio. Good afternoon to all and welcome to our call. And as already announced yesterday and mentioned by Rogerio, I will participate in our call today with comments about our performance in the first quarter, but I have already begun a fast transition with our colleagues Stefano De Angelis for the next two weeks. Stefano as mentioned has a great history with the Group and I am sure that he will quickly integrate with the team to continue with the team's