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GVT Reports Strong Revenue and EBITDA Growth in Q4 2007
CURITIBA, Brazil, January 15 /PRNewswire/ --
- Revenue in 4Q07 increased by 29%, EBITDA grew by 41%, EBITDA margin
reached 40% and Net Income reached R$ 35.1 million
GVT (Holding) S.A. (Bovespa: GVTT3, Reuters: GVTT3.SA and Bloomberg
GVTT3: BZ), a leading facilities-based telecommunications and Internet
solutions provider in Brazil, announced today results for the quarter ended
December 31, 2007: net revenue of R$272 million, growth of 28.6% over the
same period of the prior year. For the full year 2007, net revenue grew to
R$980.7 million, an increase of 27.6%. In 4Q07, EBITDA grew by 40.8% and
40.1% for the full year 2007, reaching a total of R$108.4 million and
R$358.1 million, respectively. Net income for the 4th quarter reached
R$ 35.1 million and for the full year 2007, R$ 59.2 million, compared to
R$ 6.7 million and a Net loss of R$ 71.8 million, respectively.
"The growth in the 4th Quarter is related to strong growth of net
subscribers as well as higher ARPU (Average Revenue per User). This is a
result of strong demand for GVT's services across all segments and
territories, the growth of bundle sales, as well as the expansion of our
network coverage in existing and new cities," stated GVT's CEO, Amos Genish.
"We are pleased with the company's continuous fast growth and margin
improvement, especially in the most high-potential and high-growth segment of
the market, Next Generation Services (Broadband, high speed data and VoIP),
where GVT is a market leader. The company's strong position in this segment,
combined with our strong value propositions in the conventional segments,
will be an important factor in meeting our revenues and EBITDA growth
objectives for 2008," stated GVT Chairman Shaul Shani.
About GVT
GVT is one of the fastest growing facilities-based providers of
telecommunications, high-speed broadband, Internet and multimedia services in
Brazil. The Company offers a diversified portfolio of innovative products and
advanced solutions for conventional and Voice-over-IP ("VoIP") telephony,
corporate data, broadband, video and Internet services. Its services and
solutions are marketed directly to end-customers under its own brands -- GVT,
POP and Vono.
Web site: http://www.gvt.com.br
