Vendtek, Embratel sign national distribution deal for pre-paid landline services

1 Feb 2011

VendTek Systems, a company which develops and licenses software for the global pre-paid and financial services markets, has announced that its 100% owned subsidiary, Now Prepay Servicos de Informatica, has signed a national distribution agreement with Brazilian telco Embratel Participacoes to distribute pre-paid fixed telephony vouchers in the country. Embratel is one of Brazil’s biggest telcos, offering a comprehensive range of local telephony, domestic and international long-distance and international data transmission solutions, as well as internet TV and satellite-based communication options. Local telephony is a growing line of business for Embratel and accounted for 20.1% of its net revenues in 2009. Commenting on the agreement Doug Buchanan, president and CEO of VendTek said: ‘Embratel is one of the largest communications companies in Brazil. We are pleased to add Embratel to the growing list of products that we can distribute in Brazil’.