GVT to invest USD52m to expand coverage to five more cities

8 May 2012

Brazilian broadband and telephony provider Global Village Telecom (GVT), owned by French media and telecoms conglomerate Vivendi, plans to invest BRL100 million (USD52 million) to expand its operational footprint to five more cities, BNamericas reports, citing a company statement. The new municipalities slated for coverage are all in the southeast of the country, namely: Colatina (Espirito Santo state), Santos (Sao Paulo state), Sao Vicente (Sao Paulo), Ipatinga (Minas Gerais) and Governador Valadares (Minas Gerais). Once realised, the operator’s total footprint will rise to 124 cities. TeleGeography’s GlobalComms Database notes that last year Vivendi spent BRL1.8 billion in its Brazilian operation, up 44.2% y-o-y, to expand its coverage by 22 cities to a total of 119. The latest expansion – part of an earmarked USD1.3 billion CAPEX for 2012 – will target a population of around 1.3 million who will be targeted with GVT’s triple-play services, including broadband of 5Mbps-100Mbps, pay-TV and fixed telephony.

Brazil, Global Village Telecom (GVT)