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May 04, 2015 5:23 AM ET

Media

Company Overview of Net Serviços de Comunicação S.A.

Company Overview

Net Serviços de Comunicação S.A. provides pay television, broadband Internet access, and voice services in Brazil. The company offers cable television services under the NET brand name; digital cable services NET Digital brand; DVR-enabled high-definition cable television services under the NET Digital HD MAX brand; broadband Internet services under the NET Vírtua brand; and fixed telephone services under the NET Fone Via Embratel brand. The company is based in São Paulo, Brazil. As of January 27, 2015, Net Serviços de Comunicação S.A. operates as a subsidiary of Claro S.A.

Rua Verbo Divino, 1356

São Paulo, SP 04719-002

Brazil

Phone:

55 11 2111 2785

Key Executives for Net Serviços de Comunicação S.A.

Chief Executive Officer, Investor Relations Officer and Director
Age: 59
Chief Financial Officer and Secretary
Age: 45
Chief Operating Officer and Director of Operations
Age: 45
Chief Strategic Planning Officer and Director
Age: 42
Head of Treasury
Compensation as of Fiscal Year 2014.

Net Serviços de Comunicação S.A. Key Developments

Net Serviços de Comunicação S.A.(BOVESPA:NETC4) dropped from Brazil Special Tag Along Stock Index

Net Serviços de Comunicação S.A. will be removed from Brazil Special Tag Along Stock Index.

Net Serviços de Comunicação S.A.(BOVESPA:NETC4) added to Brazil Special Tag Along Stock Index

Net Serviços de Comunicação S.A. will be added to the Brazil Special Tag Along Stock Index.

Net Announces Earnings Results for the Second Quarter and Six Months of 2014

Net announced earnings results for the second quarter and six months of 2014. For the quarter, the company reported net profit of BRL 187.8 million (USD 84.5 million/EUR 62.5 million) in the second quarter of 2014, up from BRL 42 million booked a year earlier. higher result reflects increased revenue and lower costs over the period. Net revenue grew by 20.8% year-on-year to BRL 2.86 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at BRL 840.9 million, a 37.2% annual rise. For the first half, the company reported net profit of BRL 244 million, which was 55.6% higher than in the prior-year period. Net revenue jumped by 20.7% to BRL 5.57 billion.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 1, 2014
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