Latin Tec sales reach US$777k in November

- Wednesday, December 14, 2011

Latin Tec sales reach US$777k in November

Brazilian telecommunications infrastructure firm Latin Tec ended November with 1.4mn reais (US$777,000) in sales, the best monthly result in 2011 and one of the highest ever, the company reported in a statement.

According to Latin Tec, the number is a milestone, two months after the company separated from local IT group Teevo. Latin Tech had joined Teevo in July, along with MI Computers, Abyz IT and SK Technology.

"Latin Tec concluded that it could better run its business strategies by acting separately," according to a statement released by Latin Tec president Glauco Nunes to explain the decision.

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HIGHLIGHTS

According to the company, November highlights included a project to modern the infrastructure at a plant owned by food processing giant Brazil Foods. The project included optical and copper cabling.

Latin Tec said the good results were also related to new equipment provided to Brazilian telcoTelefônica.

The company expects to end the year with 5mn reais in revenues. The results will be based on the months in 2011 when Latin Tec operated independently.

For 2012, Latin Tec is projecting 40% growth in revenues over 2011, nearing the record 17mn reais billed in 2009.

To achieve that, the company announced that it had just added to its portfolio products from QuesCom, a provider of converged telephony solutions for enterprises and service providers.