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December 7, 2007 |
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NET SERVICOS: Eyes Subscriber Growth in Broadband-Voice Segment Net Servicos de Comunicacao S.A.'s head Francisco Valim told Brazilian news daily Agencia Estado that the firm's subscriber growth in the broadband and voice segments in 2008 would at least match the rate in 2007. Business News Americas relates that Net Servicos' broadband clients grew by 71% to 1.3 million at the end of the third quarter 2007, from the same period last year. Brazilian could have about 6.8 million broadband subscribers in all, BNamericas says, citing recent statistics. Net Servicos has a 19% market share. According to BNamericas, Net Servicos' clients in the voice segment rose 308% to 469,000 in the third quarter this year, compared to the third quarter last year. The firm offers its Net Fone Voice over Internet protocol service. Potential for growth in the broadband segment is due to the increasing penetration of personal computers in Brazil, BNamericas notes, citing Mr. Valim. Net Servicos is considering "potential acquisitions" in areas where it is not currently operating, BNamericas states, citing Mr. Valim. Headquartered in Sao Paulo, Brazil, NET Servicos de Comunicacao -- http://Nettv.globo.com/NETServ/br/home/indexNet.jsp?id=1 -- is a subscriber TV multi-operator in Brazil, as it operates the NET brand in major cities, including operations in the 4 largest cities: Sao Paulo, Rio de Janeiro, Belo Horizonte and Porto Alegre. NET also offers Broadband Internet services through its NET VIRTUA brand name. * * * As reported in the Troubled Company Reporter-Latin America on Aug. 23, 2007, Moody's Investors Service upgraded Net Servicos de Comunicacao S.A.'s corporate family rating to Ba2 from B1 on its global local currency scale and to Aa3.br from Baa2.br on its Brazilian national scale rating. Moody's said the rating outlook is stable. This rating action concludes the review process initiated on Oct. 17, 2006. |
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