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 Wednesday, October 27, 2010

Brazilian fixed line and broadband services provider Global Village Telecom (GVT) has revealed its broadband subscriber base now numbers one million users, around 60% of whom are hooked up to 10Mbps or higher internet connection. GVT, which launched fixed line and broadband services in Sao Paulo in August 2010, has set aside between BRL1.1 billion and BRL1.5 billion (USD662 million and USD903 million) in capital expenditure in 2010, up 128% from BRL658 million in FY2009. Last month the operator revealed its latest service expansion plans when it said it was looking to invest approximately BRL300 million to enter the Rio de Janeiro market. The report said that the investment will be made from early January 2011 onwards until 2012. Prices for the telco’s current high speed packages start from BRL49.90 per month for a 3Mbps line.

Source: TeleGeography