SAO PAULO, Brazil, Feb. 21 /PRNewswire-FirstCall/ -- VIVO Participacoes S.A. (VIVO) (Bovespa: VIVO3 [ON = Common Shares] / VIVO4 [PN = Preferred Shares]; NYSE: VIV), announced its consolidated results for the fourth quarter of 2007 (4Q07) and for year 2007. In the fourth quarter 2007, Vivo continued to keep its leadership position on the Brazilian market in number of customers, having leaded the Christmas campaign with highest number of additions. In order to speed up the closing of the purchase of Telemig Celular, Vivo executed a written commitment in December to sell Amazonia Celular to Oi. The possibility to operate in the whole domestic territory resulting from the purchase of Telemig and the license in the 6 Northeast states (from Alagoas to Piaui) became stronger after the acquisition of band J of the 3rd generation spectrum in the whole domestic territory at the auction held by ANATEL on December 18, 2007. R$ million 4Q07 3Q07 4Q06 Net Revenue 3,372.2 3,248.5 2,936.5 Total Operating Costs (2,463.9) (2,415.2) (2,078.9) EBITDA 908,38 833.3 857.6 EBITDA Margin (%) 26.9 % 25.7 % 29.2 % Net Result 28.3 4.4 885.6 Number of customers (thousand) 33,484 31,320 29,053 Market share 36.8 % 36.8 % 39.3 % Net Additions 2,164 1,079 328 (thousand) Vivo was sucessful in the 3rd Generation Frequencies Auction with the acquisition of all the Band J lots; In December, the customer base reached 33,484 thousand customers, ensuring our leadership in our operating area, with a market share of 36.7%. Our market share for Brazil as a whole was 27.7%; At the same time, the GSM operation had already reached more than 11.2 million accesses with this technology, representing a 65.8% growth over 3Q07; Service Revenue of R$2,986.4 million, an increase of 12.8% over 4Q07 and of 4.9% over 3Q07; EBITDA grew 20.7% in the year-to-date figure, reaching R$ 3,132.8 million, with EBITDA Margin of 25.1%. The EBITDA in the quarter was R$ 908.3 million, with margin of 26.9%, a growth of 9.0% over 3Q07. The operating cash flow plus the change in working capital recorded R$ 1,616.3 million in the year-to-date figure, a 34.2% growth, materially contributing to the increase of the company's development financing capacity and its economic value; The net debt recorded the amount of R$2,579.3 million in 4Q07, representing a reduction of 27.4% in relation to 4Q06, the lowest figure since its creation; Net Profit of R$ 28.3 million in the quarter, representing an increase of 543.2% over 3Q07. To download the complete version of the Company's earnings release, please visit our website: http://www.vivo.com.br/ir DATASOURCE: VIVO Participacoes S.A. CONTACT: Antonio Sergio Marcon Botega, Investor Relations, 55 11-7420-2252, Web site: http://www.vivo.com.br/ir

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