Brazilian fixed line and broadband operator Global Village Telecom (GVT), which is controlled by French media and telecoms conglomerate Vivendi, has revealed plans to invest BRL1.73 billion (USD1.03 billion) in 2011 to expand coverage in Rio de Janeiro. Under the plan, which constitutes a 23% rise on the BRL1.40 billion spent in 2010, GVT will spend BRL400 million in Brazil’s second largest city between now and 2013, to roll out services covering half the city’s population. In addition, GVT intends to launch a pay-TV offer later this year in the city of Sao Paulo.
Finally, GVT also revealed that it expects full-year revenues for 2010 to be up 40% year-on-year and that EBITDA margin will most likely reach 40%. The telco will publish its official results for FY2010 when its parent Vivendi reports its earning on 1 March.