Brazil's GVT reaches 1 million broadband subscriber mark

Brazil-based wireline provider Global Village Telecom's (GVT) bet on broadband appears to be paying off as the service provider's service now is being used by one million users, with sixty percent of that subscriber base using a 10 Mbps or higher connection.

Despite meeting this milestone, GVT isn't going to rest on its broadband laurels. After debuting its wireline voice and broadband services in Sao Paulo this past August, the service provider has socked away $662 to $903 million in capex, a 128 percent increase over the $394 million it had set aside in FY2009.

The first market that will benefit from GVT's broadband expansion plan will be Rio de Janeiro where it plans to invest over $179 million, which will begin in January 2011 until 2012.

For more:
- TeleGeography has this article

Related articles:
Vivendi wraps up GVT acquisition
Brazil plots out national broadband plan
Vivendi mulls options: chase SFR, or enter emerging markets
Vivendi's GVT takeover comes under fire
Vivendi outbids Telefonica for Brazil's GVT
Telefonica Brazil achieves 3 million broadband subscribers milestone

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