GVT 9M11 revenues jump 47%, driven by broadband sales

16 Nov 2011

Brazilian telecoms operator Global Village Telecom (GVT), owned by French conglomerate Vivendi, booked revenues of EUR1.077 billion (USD1.462 billion) in the first nine months of 2011, a 47.1% increase compared to the same period in 2010 (42.4% at constant currency). The group said broadband service revenues increased by 75.4% year-on-year (70.4% at constant currency) and voice service revenues grew by 36.7% (+32.4% at constant currency). Between January-September 2011 GVT expanded its service coverage to eight more cities and now operates in 105 cities across Brazil. The geographical expansion helped drive strong customer growth, with the total base reaching 5.773 million lines in service (LIS) at 30 September, a 50.1% increase year-on-year. GVT reported EBITDA of EUR452 million in the first nine months of this year, up 47.7% y-o-y; EBITDA margin was 42.0%. 9M11 CAPEX was EUR519 million, compared to EUR321 million for the first three quarters of 2010, and including EUR41 million on GVT’s new pay-TV service. In September, the operator soft-launched its pay-TV service which will be expanded to all cities where it operates. The new service is based on a hybrid model combining DTH (Direct-To-Home) for linear broadcasting via satellite and IPTV.

Brazil, Global Village Telecom (GVT)