NET Servicos de Comunicacao S.A. (NETC) Rings the NASDAQ Opening Bell
December 04, 2007 - Times Square, NYC
About this Marketsite Event:
Francisco Valim, CEO of NET Servicos de Comunicacao S.A. (NETC) presides over the opening bell.
NET Servicos is the biggest multiservice cable company in Latin America. It is present in 79 cities, including Sao Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Curitiba, Florianopolis, Manaus, Brasilia and Goiania, providing pay TV, broadband internet access and voice services through a single cable.
With a 46% share of the pay TV market and a 15% share of the broadband market, its network covers more than 8.9 million homes. According to its results for the third quarter of 2007, the Company has 2.4 million pay TV subscribers (NET), 1.3 million broadband subscribers (NET
Virtua) and almost 500,000 voice subscribers (NET Fone via Embratel).
In the first nine months of 2007, NET recorded net revenue of US$1.1 billion.
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jolene.libretto@nasdaq.com. Kindly credit © 2007, The Nasdaq Stock Market, Inc. Reprinted with permission.
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© Copyright 2007, The NASDAQ Stock Market, Inc.
Reprinted with the permission of The Nasdaq Stock Market, Inc.