PREVIEW-Latam telco Telint's net seen rising 44 pct

Tue Oct 27, 2009 10:41am EDT
 
[-] Text [+]
 * 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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