GVT launches fixed line, broadband services in Sao Paulo

Brazilian fixed line and broadband services provider Global Village Telecom (GVT) has expanded its service coverage to Sao Paulo state. At launch GVT’s portfolio of services is being sold in the cities of Sorocaba and Jundiai, in direct competition with Telefonica Brazil (Telesp); it hopes to extend its reach to the city of Sao Paulo itself in 2011. The telco has invested BRL40 million (USD22.9 million) to get the service off the ground, offering voice telephony and broadband with speeds of up to 100Mbps, to around 30% of the population there and with capacity for 38,000 telephony and broadband accesses. GVT has set aside between BRL1.1 billion and BRL1.5 billion in capital expenditure in 2010, up 128% from BRL658 million in FY2009.