Algar Telecom reports solid Q3 revenue, profit; launches 100Mbps fibre service

5 Dec 2012

Brazilian alternative operator Algar Telecom (formerly CTBC) has reported solid financial results for the three months ended 30 September 2012, with revenues climbing 5% year-on-year to BRL446.4 million (USD210.9 million), EBITDA up 15.8% at BRL116.5 million and net income increasing a more modest 1% to BRL39.3 million. EBITDA margin improved by 2.4 percentage points to 26.1% when compared to the same period in 2011, with the firm confirming third-quarter CAPEX of BRL100.3 million to support its ongoing business and network rollouts.

With this in mind, Algar Telecom has launched a new fibre-optic broadband service in Brazil, offering end users connection speeds of between 20Mbps and 100Mbps, it said. In the launch phase, which covers the central area of Uberaba in Minas Gerais state, packages cost BRL79.90 per month – including fixed telephony and TV channels.

Brazil, Algar Telecom (formerly CTBC [Fixa])