Corporate Profile
Algar Telecom is a Brazilian public limited company, whose shares are not listed in stock exchanges. The Company is controlled by the Algar Group, distinguished for both its effective service and close relationship with its clients. Algar Telecom holds the shareholding control of six subsidiaries, whose operations comprise a portfolio of products and services engaged in three business segments that complement one another.
The Telecom segment includes fixed line phone services, broadband internet access (ADSL I, ADSL II, HFC, GPON e 3G), data communication, mobile phone services, internet services and pay television (DTH and cable). Algar Tecnologia provides services related to Business Process Outsourcing and IT. In the Complementary Business area, Engeset acts in the segment of installation and maintenance of the telecom networks, whereas Algar Mídia produces phone directories and offers other media-related services. In 2012, these three segments accounted respectively for 77%, 18% and 5% of Algar Telecom's consolidated gross revenues.
The Company's portfolio of products and services, supported by a cutting-edge and innovative infrastructure, caters for over 896,000 corporate and retail clients located throughout the country. It is physically present in six states: Minas Gerais, São Paulo, Rio de Janeiro, Goiás, Mato Grosso do Sul and Paraná, as well as in Brasília, the Federal District. The operations developed by this entire set of segments altogether comprised a team of 14,351 associates as at the close of FY 2012, who are committed to the Company's Vision PEOPLE SERVING PEOPLE, a legacy left from Comendador Alexandrino Garcia, who in 1954 founded the company CTBC (presently named Algar Telecom).
Such legacy of beliefs and values inherited from Mr. Garcia also includes relevant attributes such as ethical and transparent business management, culture of innovation, the well-being of its associates, along with the commitment to the country's development, which consist in the set of principles that set the grounds for the creation of a solid corporate governance policy. The set of best practices adopted by the Company has forged the foundation for a corporate management committed to sustainable growth and creation of value to all stakeholders, which contributed to Algar Telecom's positive performance in 2012, by achieving consolidated net revenues in the amount of R$ 1,811 million.
Algar Telecom believes that business is transitory, whereas principles and values are definitive. Such belief is the main driver that bolsters the distinction of the Organization and brings together the various business activities and the team of thousands of associates. Hence, the yielding result sums up in the ongoing effort to maintain the "Algar way of being" within all the locations where the Company operates and, consequently, ensures the conduction of its mission, which is to "develop sustainable businesses and relationships, which generate perceived value".
Algar Group
The Algar Group, one of the strongest corporate groups in Brazil, was established in 1954 with the foundation of CTBC (Companhia de Telecomunicações do Brasil Central), currently Algar Telecom. Algar Holding's name derives from the initials of its founder, Alexandrino Garcia, and it currently comprises nine subsidiaries operating in four business segments: IT/Telecom, Agribusiness, Services and Tourism. So as to ensure the fulfillment of its Vision PEOPLE SERVING PEOPLE, the Group relies on nearly 21,000 associates, distributed in offices located across over 1,000 cities in the states of Minas Gerais, São Paulo, Rio de Janeiro, Goiás, Mato Grosso do Sul and Paraná, as well as in Brasília, the Federal District.
Access the Algar Group's 2012 Annual Sustainability Report.
