SAO PAULO, Brazil, July 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 second quarter of 2006 (2Q06). R$ millions 2Q06 1Q06 2Q05 Net Revenue 2,598.3 2,577.0 2,879.3 Total Operating Costs (2,292.0) (1,859.9) (2,280.0) EBITDA 306.3 717.1 599.3 EBITDA Margin (%) 11.8% 27.8% 20.8% Net Result (493.1) (179.3) (252.7) Number of customers (thousand) 28,525 30,138 28,446 Market share 40.6% 43.5% 47.4% Net Additions (thousand) (1,613) 333 1,487 Vivo continues to promote the development of its operations in a aggressive competitive environment; Launching of GSM Overlay, will increase Vivo competitiveness allowing a better service for its customers through a wide and differentiated commercial offers; The GSM overlay will be deployed by a reduced CAPEX and with economy in the price of handsets; Continuity of systemic platforms unification projects from 6 to 1, in an advanced stage with 78% of clients in single systems; Sustainable combat against cloning and fraud, with certification of network and prepaid and post-paid customer base, providing 85% reduction in the number of cloning occurrences and nationwide implementation of a new credit screening; and Corporate reorganization with simplification of structure, cost control and transparency, the first stage being already completed, allowing a reduction in gross debt and financial expense, and the second stage being in progress, under approval process at ANATEL; To download the complete version of the Company's earnings release, please visit our website: http://www.vivo.com.br/ir VIVO through its wholly-owned subsidiaries, Telesp Celular S/A, Global Telecom S/A, Telerj Celular S/A, Telest Celular S/A, Telebahia Celular S/A, Telergipe Celular S/A, Celular CRT S/A, and the Tele Centro Oeste Celular Participacoes S/A provides mobile telephone services in the states of: Sao Paulo, Parana, Santa Catarina, Rio de Janeiro, Espirito Santo, Bahia, Sergipe, Rio Grande do Sul, Acre, Amazonas, Amapa, Goias, Maranhao, Mato Grosso, Mato Grosso do Sul, Para, Rondonia, Roraima and Tocantins and in the Federal District. DATASOURCE: VIVO Participacoes S.A. CONTACT: Charles Allen for VIVO, +55-11-5105-1172 Web site: http://www.vivo.com.br/ http://www.vivo.com.br/ir

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