Telint 3Q net profit rockets 141.2%

29 Oct 2009

Mexico-based telecoms group Telmex Internacional (Telint) has seen its third quarter net profit surge 141.2% year-on-year to MXN2.79 billion (USD210 million) on the back of increased revenues at its Brazilian unit. The group reported consolidated revenue for the three-month period ended 30 September 2009 at MXN24.39 billion, up 24.7% compared to the same period a year earlier, while earnings before interest, tax, depreciation and amortisation (EBITDA) rose 29.7% y-o-y to MXN6.29 billion.

With the group’s Brazilian operations accounting for 14.2 million of its total 18 million revenue generating units at end-September 2009, Telint said that, as a result of successful commercial strategies in the country, revenues from local access and data services had increased enough to reduce the dependency on long-distance revenues. Local access and data services revenues at Embratel Participacoes for the fiscal quarter rose 22.9% and 27.6% respectively, and the company said that 54.3% of Embratel’s total revenues came from local access, data, television and other services. Total revenue from the Brazilian operator in the three-month period reached BRL2.695 (USD1.45 billion), a 7.6% y-o-y increase.

Commenting on the results, Telint’s chief executive officer, Oscar Von Hauske, said: ‘It seems that the worst has passed. Latin America is prepared for a recovery.’ Despite the positive results however, Telint has maintained its guidance for capital expenditure in 2009, although according to Von Hauske, the group may increase this ‘a little bit more’ in 2010.

Mexico, Telmex Internacional