Venezuelan state-owned fixed line and mobile operator CANTV’s net profits fell 26.6% year-on-year to VEB341 billion (USD159 million) in the third quarter of 2007, on revenues which increased by 19.5% year-on-year to VEB2.08 trillion. Total fixed line turnover in the three months ended September 2007 was VEB739 billion, or 35.5% of total sales, including VEB241 billion from local telephony (up 6.8% year-on-year), whilst revenues from mobile telephony unit Movilnet totalled VEB1.04 trillion (exactly 50% of group sales), a 28.3% increase on 3Q06. Broadband revenues were up 37% year-on-year at VEB303 billion, representing 14.5% of total turnover. CANTV ended 3Q07 with 691,600 broadband internet subscribers, up 63.7% compared to 3Q06, and 3.9 million fixed lines in service, up 21.1% year-on-year. Movilnet had 8.9 million mobile subscribers at the end of the quarter, an increase of 32.5% on the same date last year. The group spent nine-month CAPEX of VEB998 billion largely on expanding GSM and broadband infrastructure nationwide, and also invested significantly in next generation network (NGN) technology and in expansion of its PSTN network.