2004 results up for CANTV

21 Feb 2005

CANTV of Venezuela has reported a net income of VEB306.7 billion (USD160 million) for 2004, up from VEB29.8 billion the previous year. Revenues grew by 9.6% year-on-year to VEB4.11 trillion; of the total 66% was derived from fixed line services, 31% from mobile telephony, 2% from internet services and 1% from other services. The company invested a total of VEB537.3 billion into its networks during 2004. It claimed to have 3.06 million fixed line subscribers and 362,569 internet users at the end of the year, while its mobile arm Movinet increased its client base by 15.9% to 3.1 million.

Venezuela, CANTV