V.tal Reports Reduced Losses and Progress in Broadband Expansion in Q2
In Q2, V.tal reported a net loss of R$ 138 million, a 64% decrease year-on-year. Revenue was R$ 1.59 billion, reflecting a 15% decline due to operational changes.
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V.tal's Q2 financial report shows a net loss of R$ 138 million, significantly improved from the previous year. The company's revenue decreased by 15% to R$ 1.59 billion, attributed to the conclusion of copper scrap sales and reduced FTTH contracts with Oi.
V.tal ended the quarter with 545,000 homes connected via fiber infrastructure, adding 78,000 connections in the first half. EBITDA rose to R$ 635 million, marking a 22% annual increase. The gross debt stood at R$ 3 billion, with a leverage ratio of 1.1x.
Additionally, the subsidiary Nio gained 18,000 new subscribers, marking consistent monthly growth. Tecto is progressing on its data center projects in Brazil and Colombia.
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