QUOTE AND NEWS
Cloud Computing  Oct 23  Comment 
PORTLAND, Maine , Oct. 23, 2013 /PRNewswire/ -- The New England Telehealth Consortium (NETC), which is working with FairPoint Communications to link healthcare facilities in northern New England to the NETC network, recently announced its 200th...
StreetInsider.com  Apr 10  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Kratos+%28KTOS%29+Gets+%2486.4M+Contract+for+NETC+Training%2C+Services/7333094.html for the full story.
Marketwire  Feb 15  Comment 
BOSTON, MA -- (Marketwire) -- 02/15/11 -- NETC, a leading provider of educational travel programs, is offering a Military Family Scholarship in support of American troops and their families. Designed to help make the dream of an educational tour a
Benzinga  Oct 29  Comment 
NET Servicos de Comunicacao S.A. (NASDAQ: NETC) delivered Q3 results that met on sales, beat handily on RGUs, and lagged on EBITDA. “Net sales were up 16% to R$1,381 mm v. our estimated 15.7%, with EBITDA up 14% to R$369 mm v. our up 25.3%,”...
Benzinga  Oct 27  Comment 
Net Servicos de Comunicacao S.A. (Nasdaq: NETC) announces its third quarter of 2010 results. Pay TV subscriber base ended 3Q10 with 4,065,000 clients, increasing by 183,000 or 12% from 3,645,000 at the end of 3Q09. Broadband base totaled...
Marketwire  Oct 13  Comment 
BOSTON, MA -- (Marketwire) -- 10/13/10 -- NETC Educational Travel announces 2011 Student Travel Scholarship contest open to any student in the US, age 13 to 19. For the past ten years, NETC's Travel Scholarship has been granted only to a student in a
Benzinga  Sep 16  Comment 
Barclays downgraded Lear Corporation (NYSE: LEA) from "overweight" to "equal weight." LEA's shares closed at $73.68 yesterday. Lear's quarterly earnings tumbled 1058.82% y/y. UBS downgraded Net Servicos de Comunicacao SA (NASDAQ: NETC) from...
Stock Blog Hub  May 25  Comment 
We upgrade our recommendation for NET Servicos de Comunicacao S.A. (NETC) to Neutral on the basis of current valuation. The stock price has fallen more than 35% in the last one year and is trading at the low-end of its 52-week price range. At this...
MarketWatch  Apr 15  Comment 
Brazil's key equity index falls Thursday, with telecommunications stocks and cable operator Net Servicos struggling with losses after a broker downgrade of the Latin American telecom and media sector.
Stock Blog Hub  Mar 3  Comment 
We downgrade our recommendation for NET Servicos de Comunicacao SA (NETC) to Neutral, which means the stock will perform mostly in line with the broader market. The stock price has moved up nearly 117% in the last one year and is currently trading...




 

Net Servicos (NETC) is the largest pay-television operator in Latin America, based upon the number of subscribers. As of the third quarter 2007, the company had around 2.4 million subscribers for the pay TV segment, 419,000 subscribers for the digital video segment, 1.29 million subscribers for the broadband segment and 469,000 subscribers for the voice service segment. Net operates in more than 40 different cities in Brazil. Its cabling network reaches more than 35 thousand kilometers, running through nearly 8.9 million homes. The company is also the leading provider of high-speed cable modem internet access, using the brand name Virtua, and during 2006 it started its voice service business. The company is also able to offer more value-added programming options and services, including audio channels, pay-per-view programs, and other interactive services.

The company began its operations in 1991 with the name of Multicanal Participa es S.A. by acquiring a group of small cable TV operators and additional operational licenses for several places in Brazil. In 1993 and 1994, two new partners, Globopar and Ralph Partners II, joined in with the original partner, Mr. Ant nio Dias Leite. In September 1998, the main assets, liabilities, and operations of Globo Cabo Participa es S.A, were incorporated into the company. As a result, Globo Cabo Holding increased its share hold by means of a conversion of shares from Globo Cabo Participa es S.A. into new company shares. In this same period, the company changed its corporate name to Globo Cabo S.A. In May 2002, the company changed its corporate name to Net Servicos de Comunica o S.A.. After going through a difficult period between 1999 and 2003, the company began a debt restructuring program that ended in March 2005. During 2005, Latam do Brasil, a subsidiary of Telmex (TMX) acquired 37.4% of the capital of Net Servicos, and in the end 2005, Embratel, which is also controlled by Telmex, incorporated Latam do Brasil. The acquisition of Latam do Brasil by Embratel was positive for Net Servicos because it opened a new wide range of possibilities for the company. On October 2006, NETC entered into a share purchase agreement with the shareholders of Vivax. Vivax was a small cable TV operator focused in the State of Sao Paulo, a strategic area for the future growth of NETC. On December 5, 2006 the deal was completed and NETC become the holder of 36.7% of Vivax capital.




References

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