BBT forecasts 50% rise in revenues

18 Mar 2008

BroadBandTech (BBT) expects revenues to increase by between 50% and 70% in 2008 compared with the ARS8 million (USD2.5 million) recorded in 2007, company CEO Carlos Morea told BNamericas. The telco’s main service is broadband internet access but it also offers voice telephony, accounting for 6% of sales last year and a figure that Morea forecasts will rise to 10%. The company’s IP telephony service is called BBtel and forms part of triple-play services offered in smaller cities and towns across Argentina in partnership with local cable TV operators. Morea said BBT currently has 15 triple play agreements nationwide and plans for 2008 include the development of ten triple play projects. BBT also has operations in Brazil – accounting for 5% of total revenues – predominately in the city of Vitoria, in Espírito Santo state. ‘We expect to launch triple play services in another two Brazilian cities this year,’ Morea said. The executive said that revenues from Brazil will not grow significantly this year since the impact of the new contracts will be perceived in the coming years. According to BNamericas, BBT launched operations in 2001.