Terra Lycos SA. The Company's principal activities are the provision of telecommunication services both domestically and internationally and related on-line and interactive services. It is also involved in the design, development, manufacture and marketing of equipment needed for the functioning of the above services and the installation, maintenance and operation of communication systems. The Company's business is based on a presence throughout the Internet value chain, offering access, contents and services at Terra and Lycos portals to an audience which subsequently draws in revenues through advertising and electronic commerce. The Company has joint ventures and specialised portals: Invertia and Quote (personal finance), Rumbo and OneTravel.com (travel) and A Tu Hora (product delivery). Throughout the year Terra Group increased its presence in Latin American and the USA markets.