Net Servicos de Comunicacao S.A.
Net Servicos de Comunicacao S.A. (NET) is a Brazil-based cable company. It offers various services such as pay TV, digital video, high definition digital video, bidirectional broadband internet access, and voice. These services are offered through five brands, namely, NET, NET Digital, NET Digital HD, NET VÃÂÂÂrtua, and NET Fone via Embratel. The company offers its services to about 79 cities in Brazil that include Sao Paulo, Rio de Janeiro, Belo Horizonte, Porto Alegre, Recife, BrasÃÂÂÂlia, Goiania, Curitiba, and Florianopolis. NET`s services are passed to over 9 million homes and it has a 46% market share in the pay TV market and a 17.5% in the broadband market. The company is headquartered at Sao Paulo in Brazil.The company reported revenues of (Real) BRL 3,690.41 million during the fiscal year ended December 2008, an increase of 34.75% over 2007. The operating profit of the company was BRL 53.98 million during the fiscal year 2008, a decrease of 77.44% from 2007. The net loss of the company was BRL 95.01 million during the fiscal year 2008, as against a net profit of BRL 174.26 million during 2007.
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