TIM Participações S.A. (NYSE:TSU) Q2 2016 Earnings Conference Call - Preliminary Transcript

Jul 26, 2016 • 10:30 am ET


TIM Participações S.A. (NYSE:TSU) Q2 2016 Earnings Conference Call - Preliminary Transcript


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Good morning, ladies and gentlemen. We would like to welcome everybody to TIM Participacoes second quarter 2016 results conference call. We would like to inform you that this event is being recorded. and all participants will be in listen only mode during the company's presentation. There will be a replay for this call from the website. After two parts facilities remarks are completed, there will be a question and answer session for participants at that time for instructions will be given.

Before proceeding, let me mention that 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 obtained by facilities management. They involve risks, uncertainties and assumptions because they're related to future events, and therefore depend on circumstances that may or may not occur in the future. investors should understand that internal and external factors Could also affect to the future results obtained by TIM Participacoes. Should any participant need assistance during this call, please press star zero truly to the operator. Now, I'll turn the conference over to the IR Oh, Mr. Rogerio Tostes please Mr. Tostes You may now proceed.

Rogerio Tostes

Hello, good morning, everyone. And thanks for joining us in another conference call. For the second quarter will be together with me I have the participation of our management team, which will be who will be available after the presentation during the q&a session, as announced in the first quarter, and we are pleased to say that Mr. Stefano De Angelis included our follow up procedures has taken over the CEO position. So with that, I'll turn it over to Mr. Stefan to conduct the presentation in the q&a session. Definitely.

Stefano De Angelis

Thank you. It'll Rogrrio Good morning, everyone. It is our first opportunity to interact as I was just a boy Team participants CEO after a long process to get my visa. And before starting, I would like to say thanks to Rogrrio, bro, the previous CEO for his commitment and dedication to the company. Well, it's an enormous pleasure to come back and lead these amazing company for the next here have been here before from 2004 to 2007 as the CFO and I'm really thrilled to be back, my connection with the city is very special, and it goes beyond my job routine. Moving to the presentation, we will read in the next slide some comments of the recent results in heavy end our toe for the coming year.

From the second quarter on we are seeing early signs of macro more stability on the political side, inflation back to single digit, improving consumer confidence and better perspective for GDP. On the company side we are also seeing constructive operational indicator census data consumption with solid double digit as shown in the top of the slide, as well as the new trend for both day in and day that came well, better than the previous quarters. In the prepaid segment.