Brazilian telecoms operator Global Village Telecom (GVT) reported net profits of BRL43.1 million (USD23.1 million) in the three months to 30 June, reversing a loss of BRL62.2 million in the corresponding period of 2006, writes BNamericas. Group EBTIDA climbed 39.3% year-on-year to BRL82.5 million on the back of a 28.3% in net revenues to BRL234 million, aided by the devaluation of the dollar against the local currency the real, lower debt, and gains from financial investments. The EBITDA margin was 35.3%, compared with 32.5% a year earlier.
GVT said revenue growth from its next generation services (NGS), including ADSL, VoIP and corporate data, climbed a massive 81.3% in the period under review, when compared to 2Q 2006, accounting for 19% of total revenues. The operator connected 64,822 in the three months to June to boost its total to more than one million; ADSL lines reached 185,756, up 95.3% year-on-year.