PREVIEW-Latam telco Telint's net seen rising 44 pct
* Carlos Slim's Telint net profit seen up 44 pct
* Company due to release quarterly results on Tuesday
MEXICO CITY, Oct 27 (Reuters) - Latin American telecom Telmex Internacional's net profit likely rose 44 percent in the third quarter, helped by higher sales in its key Brazil market and a dip in Mexico's peso.
Mexico City-based Telmex Internacional (TELINTL.MX) (TII.N), controlled by tycoon Carlos Slim, is expected to report a net profit of 1.667 billion pesos ($123 million) for the quarter, according to the average estimate of five analysts consulted by Reuters.
"We expect Telint's revenues to be supported by 7 percent growth in Brazilian sales and double digits in the other subsidiaries," Vector brokerage analyst Martin Lara said in a report.
Telmex Internacional, also known as Telint, has phone, cable TV and Internet operations in Argentina, Chile, Colombia, Ecuador, Peru and Brazil, which accounts for most of the company's revenue.
Currencies in Brazil, Chile and other Latin American countries where Telint operates strengthened in the third quarter while Mexico's peso lost ground. That will help the results of Telint because it reports in Mexican pesos MEX01 MXN=.
Telecom mogul Slim created Telmex Internacional in mid-2008 as a vehicle for the non-Mexican assets of giant fixed-line company Telefonos de Mexico (TELMEXL.MX) (TMX.N) in a $16 billion spin-off.
Telint's earnings before interest, taxes, depreciation and amortization (EBITDA) were likely 5.9 billion pesos in the third quarter, up 22 percent.
The following table shows the analysts' average estimates for Telint, which is expected to report on Tuesday, and does not take into account Mexico's inflation. =============================================================== 2009 2008 PERCENTAGE
JULY-SEPT JULY-SEPT CHANGE --------------------------------------------------------------- Revenue 24.555 bln 19.573 bln +25.46 pct EBITDA* 5.900 bln 4.842 bln +21.85 pct Net Profit 1.667 bln 1.156 bln +44.23 pct =============================================================== * Earnings before interest, taxes, depreciation and amortization ($1=13.5035 pesos at end-Sept) (Reporting by Noel Randewich, editing by Maureen Bavdek)
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