1. TELE NORTE LESTE PARTICIPAÇÕES S.A. Conference Call 2001, 4 th Quarter

2. Plant Growth Utilization Rate (%) 1999200020011998 89% 92% 82% 1999200020011998 Lines in Service Lines Installed (in millions) 10.5 8.8 9.7 11.8 12.8 14.8 18.1 7.8 Slide 1 3.0 5.3

3. Line Blockage and Disconnections * End of Period Blocked Lines (in thousands)* 1,187 1,152 1,185 945 6.4% 8.1% 9.5% 8.5% 0 500 1,000 1,500 Mar-01Jun-01Sep-01Dec-01 Total Partial % of Total Lines in Service Disconnected Lines (in thousands) 413 472 636 767 0 300 600 900 1Q012Q013Q014Q01 2001= 2,288 Slide 2

4. Gross Revenue (R$ Million) Slide 3 +97% (98/01) CAGR (2001/98) 25.3%

5. Operating Expenses Breakdown (R$ Million) Slide 4 40 17 33 10 33 21 27 19 38 30 32 -10 51 34 25 2,977 2,774 2,460 4,328 710 1,528 825 1,266 % %

6. Bad Debt Provision (R$ Million) Slide 5

7. CAPEX Evolution (R$ Billion) Slide 6

8. Consolidated Income Statement Plant Growth Anatel Targets Bad Debt F-M Traffic Growth Provisions for Contingencies Debt increase Slide 7

9. CAPEX Reduction (R$ Bi) Capex 19981999200020012002 2.52.2 2.8 10.1 2.5 2001 R$ 10.1 bi 2002 R$ 2.5 bi WirelineBusiness Wireless Business Slide 8 2002 OUTLOOK

10. Revenue Drivers - 1. Platform Expansion (mn) 7.8 9.7 11.8 14.8 19981999200020012002 Lines in Service by year end 7.2 8.6 10.6 13.6 15.5/15.6 19981999200020012002 Average Lines in Service 2002 OUTLOOK Slide 9

11.  Headcount Reduction - 40% in average  3rd Party services - LIS reduction  Bad debt control - lower than 5% of Gross Revenue  Marketing expenses wireline (30% reduction) wireless (as partially investment)  Interconnection Renegotiation under new environment (SMP) 2002 OUTLOOK Cost Drivers Slide 10

12. Debt Structure – December 2001 (R$ mn) TOTAL = 8,938 LT DEBT 17% 14% 16% 17% DEBT PROFILE R$ 5,382 million foreign currency (60%)*: LIBOR +/- 7% p.a. R$ 3,556 million in Brazilian currency (40%): (+/- 17% p.a.) 36% 2006 and beyond 2002 2003 2004 2005 * Fully Hedged ST 1,388 Long Term 7,549 Net Debt 7,705 Cash 1,234 Slide 11

13. TNL - PCS “ Oi ””  Apr/02 -ReadytoLaunch  6Metropolitans Areas- 120cities  Main suppliers: Nokia, Alcatel, Siemens  TechnologyGSM/GPRS  Operating Agreements InfrastructureCo-siting Interconnection Roaming  Operating Synergies Billing&Credit Infrastructure&BackOffice Data Base Target (12 months) 500.000Subs 2002 OUTLOOK Slide 12

14. This presentation contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements and involve inherent risks and uncertainties. These statements are based on current plans, estimates and projections, and therefore you should not place undue reliance on them. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events. “SAFE HARBOR” STATEMENT

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