Embratel’s Profit Rises

Brazilian long-distance carrier Embratel, controlled by Mexico’s telecoms giant Telmex, posted a net profit of $16.6 million for the first quarter, up from $1.8 million a year earlier. The company’s EBITDA totaled $178.4 million, up 4% year-on-year. Embratel attributed its positive results to a weaker US dollar and lower operating costs.