The Brazilian mobile market reached 242.2 million clients and a penetration of 123.9% in the end of 2011, according to data disclosed by Anatel. Net additions in December
were 6,148k, which compares to 5,410k net adds in December 2010 (+13.6%). Number of net adds in 2011 was 39.287k, highest figure ever recorded in a year. Growth in 2011
(+19.4% YoY) has been remarkably strong despite increased penetration.