Global Village Telecom (GVT), the Brazilian fixed telephony, pay-TV and broadband provider owned by French media and communications group Vivendi, has reported revenues of BRL2.05 billion (USD1 billion) for the first six months of this year, up 31.4% from the corresponding period of 2011. In a statement GVT said that excluding changes to the ICMS tax (a local tax similar to the European VAT), its turnover would have been 42% higher. The telco’s broadband division booked revenue growth of 22.4% year-on-year and sales derived from voice telephony increased by 32.4% over the same period, it said
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OVETEL GVT first-half revenue up 31% y-o-y
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