SAO PAULO, April 28 TIM Participaçoes SA
, Brazil's second-largest wireless phone company,
posted first-quarter net income of 132 million reais ($41.46
million), up 3.3 percent from a year earlier, according to a
securities filing on Friday.
Profit at the Brazilian unit of Telecom Italia was
near an average estimate of 134 million reais in a Thomson
Reuters survey of analysts.
Net services revenue rose 3.5 percent as TIM continued to
focus on higher value postpaid customers after a punishing
two-year recession that has eroded Brazilians' purchasing power.
Earnings before interest, taxes, depreciation and
amortization, a gauge of operating profit known as EBITDA, rose
8.7 percent to 1.263 billion reais, above an average estimate of
1.244 billion reais.
EBITDA as a share of revenue rose to 32.0 percent from 30.2
percent a year earlier.
($1 = 3.1836 reais)
(Reporting by Silvio Cascione; Writing by Brad Haynes; editing
by Susan Thomas)