IN BRIEF: Brazil's Algar Telecom extends fiber footprint

Friday, October 14, 2016

Brazilian carrier Algar Telecom will expand its fiber-to-the-home (FTTH) broadband service, offering plans with speeds of up to 200Mbps to nine new cities in its coverage area during the fourth quarter this year.

The cities are in the states of Minas Gerais, Mato Grosso do Sul, Goiás and São Paulo. In addition to the new localities, Algar said networks in another six Minas Gerais municipalities are being extended, for which the company is disbursing 15.5mn reais (US$4.87mn).

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With over 3.3mn clients, Algar Telecom is a relatively small telco providing landline, mobile telephony, pay TV and broadband services, mostly in cities in the states of Minas Gerais, São Paulo, Goiás and Mato Grosso do Sul. The company posted revenues of 429mn reais in 2Q16, up 6.3% year-on-year.