1

3Q08 Results

2

Current (79)São PauloRio de JaneiroBelo HorizonteRecifeBrasíliaManausCuritibaFlorianópolisPorto Alegre

Awaiting approval (14)

Big TV (12)GuarulhosPonta GrossaMaceióJoao Pessoa

ESC 90 (2)VitoriaVila Velha

The largest residential multi-service cable company in Latin America

Pay TV leadership

Presence in the main Brazilian cities

Highest broadband growth

COVERAGE

MAIN CITIES

3NETWORK COVERS 45% OF A AND B GROUP HOUSEHOLDS

44.4 9.5 7.02.1

7.3

18.8

11.7

2.2

2.9

2.6

0.4

2.1

2.4

0.1

A B1 C D/E B2

Brasil Net total network

Net two-way network

4.5 1.4 1.4

Total households in

NET’s area

16.11.4

2.2

3.1

6.3

3.1 1.011.7 3.1

Distribution of households by income groupMillions of urban households

US$3,900US$3,900 US$ 2,100US$ 2,100 US$1,200US$1,200 US$400US$400 US$300 / US$150US$300 / US$150Monthly Income

above:Monthly Income

above:

4PENETRATION AND OPPORTUNITIES

44.4

5.8

8.99.5

2.9

7.0

2.0 1.5

NET

13%13%20%20%

31%31% 29%29% 74%74%

MARKET(BRAZIL)

NEW GROWTH CYCLE FAVORED BY THREE LEVERAGE FACTORS

NET’s COMPETITIVE ADVANTAGES OVERALL SCENARIO

Total Households

Pay TV Penetration

Broadband Penetration

Total Homes Passed

Pay TV Penetration

Homes Passed -

Bidirectional

Broadband Penetration

Voice Penetration / Broadband penetration

Infrastructure (HFC)Mix of products and services (Combos)Fully-prepared for accelerated growthTeam with expertise in Pay TV NET brand

Growing computer sales and

increasing interest in the Internet Replacement of conventional TVs

(LCD/Plasma)Number portability

5

Globo

49%ON

51%ON

Embratel/ Telmex

Free Float

GB

10% ON

38% ON

51% ON

13% PN

1% ON

86%PN

1% PN

0% PN

CONTROLCONTROL

CURRENT OWNERSHIP STRUCTURE

Base date: 09/30/2008

ECONOMIC VALUE

Globo: 7%

Embratel/Telmex: 35%

Market: 58%

100% ON = 113,051,524 shares

100% PN = 225,687,596 shares

Total = 338,739,120 shares

Common shares

Preferred shares

6CORPORATE GOVERNANCE

Accessible Management, demonstrating respect to stakeholders

Bovespa Level 2 Company, with 100% Tag along to all shareholders

Exemplary Disclosure Certificate, assuring symmetry on information release

Establishment of the Quiet Period starting15 days prior to earnings releases

Permanent Fiscal Committee, with 100% of independent members

Board of Director, with 20% of independent members

7

Initial Client Base

Net Additions

CLIENT BASE

2006 +17% 2007 +16%

1,903

2,3042,2242,142

2,0511,976

2,923

PAY TV ( million of subscribers) ( million of subscribers)

MARKET SHARE

2,4012,474

2,5612,709

+ 22%+ 22%

4,743 4,961 5,161 5,349 5,512 5,799

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08

8

6,040 6,417 6,951 7,751 8,278 8,925

Initial Client Base

Net Additions

CLIENT BASE

2006 +91% 2007 +65%

549

1,120984862752

639

2,059

BROADBAND( million of subscribers ) ( million of subscribers )

MARKET SHARE

1,2871,423

1,5881,798

+ 60%+ 60%

0 0 49 115 182 257 354497 621

8111116

66 6775

96143

125190

306

415

0 49

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08

9

Initial Client Base

Net Additions

CLIENT BASE

2007 +212%

VOICE( million of subscribers) ( million of subscribers)

2Q07 3Q07 4Q07 1Q08 2Q08

NET Fone

Embratel (Livre)

GVT

Authorized and Mirrors

Telefônica

Brasil Telecom

354257

18211549

621811

1,116

497

1,532

4%2%2%

6%

30%

20%

35%

4%2%2%

6%

30%

20%

35%

1%2%

6%

30%

20%

36%

1%2%

6%

30%

20%

36%

1%2%

6%

31%

21%

37%

OI

39,89739,54139,39939,75539,120

+ 208%+ 208%

MARKET SHARE

3%3%3%

10CHURN RATE – LAST 12 MONTHS

PAY TV BROADBAND

11REVENUE GENERATING UNITS

2,083 2,739 3,051 3,366 3,753 4,134 4,607 5,071 5,521 6,220 7,362

+ 57%

12NET REVENUES and ARPU

Net Revenues

+ 26%

+ 22%2006

+ 29%2007

ARPU

+ 6%

+ 8%2006

+ 9%20079M08

+ 27%

R$ 2,267 R$ 2,902 R$ 2,669

(R$ million) (R$ million) (R$) (R$)

13EBITDA

+ 21%

+ 23%2006

+ 26%2007

(R$ million)

9M08

+ 27%

R$ 639 R$ 803 R$ 704

14INDEBTEDNESS

Net Debt

500522

508530

588

544561

475

571

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08

+ 3%

Cash and cash equivalents

555554

Net Debt / EBITDANet Debt

(R$ million)

0.91x

0.90x 0.84x 0.83x 0.83x 0.76x0.72x 0.69x 0.65x

0.54x 0.61x

383 390 392

603 565 559625

570 602

9661.055

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08

48

145 145 145 145

170

33

10

39

39

25 3 287

128 128 128

2008 2009 2010 2011 2012 2013 2017 2018 2019 ∞

Interest Debentures CCB Finame* Perpetual Inbursa

15INDEBTEDNESS

Amortization Schedule

(R$ million)

354 28781 184 170 148 128 128 128

Total Debt = R$ 1.6 billion US$ 43%US$ 43%

R$ 57%R$

57%

10

CAPEX

Capex

(R$ million)

15 17 12

131

70 8245

139

41 528674

11398

71

98100

141

93

132142

174

1Q06 2Q06 3Q06 4Q06 1Q07 2Q07 3Q07 4Q07 1Q08 2Q08 3Q08

Discretionary and Maintenance Client Instalation

89 130 110 202 168 182 186 232 172 195 260

Higher net additions have increased our variable CapexHigher net additions have increased our variable Capex

Growth CapexGrowth Capex

Net AdditionsNet Additions

356 432 448

890 1,332 1,996

2006 2007 9M08

17LIQUIDITY

Strong Cash position, ensuring financial liquidity.

There are no currency mismatches between revenues and expenses.

Low foreign exchange exposure (perpetual bonds, Inbursa and equipments)

Hedges used as a protection mechanism and not for speculative purposes

Product prices not pressured by the global scenario

Operating cash flow is sufficient to defray investments and financial expenses

18Disclaimer

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of the Company. These are merely projections and, as such, are based exclusively on the expectations of the Company’s management concerning the future of the business and its continued access to capital to fund its business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Brazilian economy and the industry, among other factors and risks disclosed in the Company’s filed disclosure documents and are, therefore, subject to change without prior notice.

Investor Relations

Phone. (+55 11) 2111-2785ri@netservicos.com.brhttp://ir.netservicos.com.br