| Type | Sociedade Anônima |
|---|---|
| Traded as | BM&F Bovespa: NETC3, NETC4 NASDAQ: NETC |
| Industry | Telecommunication |
| Founded | (1991) |
| Headquarters | Rio de Janeiro, Brazil |
| Key people | José Félix, (Chairman) |
| Products | Cable television, Broadband Internet, VoIP |
| Revenue | US$ 3.4 Billion (2010) [1] |
| Profit | US$ 195.2 Million (2010) [2] |
| Employees | 12 000 |
| Parent | Organizações Globo |
| Website | www.net.com.br |
NET (BM&F Bovespa: NETC3, NETC4 / NASDAQ: NETC / BMAD: XNET) is the largest cable television operator in Latin America. The company's Net service (cable TV) had around 4.3 million subscribers as of Q1 2011[3]. Net also operates the broadband internet service Net Vírtua, with 2.79 million subscribers as of Q3 2009[4] and telephone over cable (under the Net Fone via Embratel name) with more than 2.5 million subscribers.
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NET was started in 1991 by Brazil's Roberto Marinho family's part of their Rede Globo empire. In March 2005, Embratel, a subsidiary of Mexico's Telmex, took a controlling stake in NET, paying 570 million reais.
Net Serviços' stock is traded on Bovespa, where it is part of the Ibovespa index.
The company announced in late 2006 that it would buy Vivax, then the nation's second-largest cable company. The transaction was approved in May 2007 and completed in June 2007. Rollout of the Net brand in Vivax areas was completed in December 2007.
On August 10, 2010, NET became the first cable operator in Brazil to offer all the Discovery Latin America channels: Discovery Channel, Animal Planet, Discovery Kids, People+Arts, Discovery Travel & Living, Discovery Home & Health, Discovery Science, Discovery Civilization, Discovery Turbo, HD Theater and TLC.
The broadband service offers the following speeds: 512 Kbps, 1 Mbps, 5 Mbps, 10 Mbps, 20 Mbps and 100 Mbps in almost every location from the company's coverage area.
Currently, Vírtua is available in 15 states, like Alagoas, Amazonas, Bahia, Espírito Santo, Goiás, Minas Gerais, Mato Grosso do Sul, Pernambuco, Paraíba, Paraná, Rio Grande do Sul, Santa Catarina, São Paulo and Rio de Janeiro, plus Distrito Federal.
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