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 Thursday, 06 March 2008

Brazilian telecoms operator Tele Norte Leste Participacoes, which trades as Oi, has reported a 49% year-on-year rise in net income for the three months ended 31 December, to BRL911.5 million (USD544.5 million) from BRL613.3 million a year earlier, the company said in a statement.

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At the end of 2007 Oi counted 14.2 million main lines in service, down 1.2% year-on-year, while its broadband user base climbed 35% to 1.52 million. The operator’s mobile arm recorded 16 million subscribers by the start of 2008, a 22% increase on the previous year. Oi hopes to increase its mobile base to 18 million users by end-2008 and hopes to sign up roughly 600,000 high speed internet customers to end the year with 2.1 million. The landline base is expected to fall to 14 million by the year end.

Source: TeleGeography.