BrT reports rising Q1 profit on broadband sales

23 Apr 2008

Brazilian fixed line operator Brasil Telecom Participacoes (BrT) posted net profits of BRL248.3 million (USD149.48 million) in the three months ended 31 March 2008, up 46% from BRL169.9 million in the same period of 2007, driven by broadband and cellular subscriber gains and lower debt payments. Quarterly turnover climbed 2.6% year-on-year to BRL2.76 billion as a fall in sales of traditional fixed line products was offset by rising demand for internet, data and cellular services. The telco said data revenue increased by 23% on 1Q07 to BRL791 million as its broadband internet unit added 253,800 clients to end the period with 1.64 million users. The group’s mobile arm posted revenue of BRL466.1 million (+8.5% y-o-y), increasing its subscriber base by 26% in the year to end March to 4.58 million. Group EBITDA dipped from BRL952 million to BRL910.7 million.

Brazil, Brasil Telecom (BrT)