Net Serviços de Comunicação S/A
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Net Serviços de Comunicação S.A. is the largest cable television operator in Latin America. The company's Net service had around 2.56 million subscribers as of March 2008. Net also operates the broadband internet service Net Vírtua, with 1.59 million subscribers and telephone over cable (under the Net Fone via Embratel name) with 718,000 subscribers.
NET was started in 1991[citation needed] by Brazil's Roberto Marinho family's part of their TV 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.
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