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

2. 2 LINES INSTALLED AND IN SERVICE Utilization Rate

3. 3 BLOCKED LINES * End of Period 53%44% 50% 47%56% 9.5% 8.5% 8.1%

4. 4 LINE BLOCKAGE AND DISCONNECTIONS * End of Period * In the Period 53%44% 50% 47%56%

5. 5 PLATFORM EXPANSION (In thousands) Lines InstalledLines in ServiceDisconnected Lines

6. 6 INCOME STATEMENT SUMMARY

7. 7 EMPLOYEES & PRODUCTIVITY

8. 8 ADJUSTMENTS Change in criteria for bad debt provisions, including telecom service providers, government and corporate customers Revision of probable losses associated to tax, labor and civil claims (including disputes with other telcos) Reconciliation of accounts receivable and operating expenses Provision of traffic volume and infrastructure shared Clean up of Company´s Balance Sheet Summary:

9. 9 ADJUSTMENTS Net Revenues Interconnection Bad Debt Cancellation of invoices due to billing mistakes Ongoing disputes with other Telcos (mainly cellular) regarding the use of their network Inclusion of government, corporate and other telecom providers Full provision of the credit recovering agreements 44.8 39.1 162.7 In million of Reais

10. 10 ADJUSTMENTS Provisions for Contingencies Other Expenses Impact on EBITDA Labor claims Tax claims (ICMS/PIS/COFINS/INSS) Civil claims Accounts receivable Infrastructure sharing Operating expenses 232.0 174.5 (653.1) Impact on Net Income (388.6) In million of Reais

11. 11 BAD DEBT PROVISIONS (% OF GROSS REVENUES) (Normalized)

12. 12 TARGET ANTECIPATION PROGRAM Targets already achieved To be achieved by year end

13. 13 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

14. 14 Investor Relations Rua Lauro Müller, 116 / 22º andar - Botafogo Rio de Janeiro -RJ Phone: ( 55 21) 3131-1314/1315/1313 Fax: (55 21) 3131-1325/ 3131-1326 E-mail: invest@telemar.com.br Visit our website: http://www.telemar.com.br