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Portugal Telecom
Altice Portugal (formerly known as Portugal Telecom or PT) is the largest telecommunications service provider in Portugal. Since June 2, 2015, the company has been a wholly owned subsidiary of Altice Europe, a multinational cable and telecommunications company with a presence in France, Israel, Belgium, Luxembourg, Portugal, French West Indies/Indian Ocean Area, the Dominican Republic, and Switzerland. The assets in Portugal were sold to Altice in 2015 per request of Oi SA to reduce debt. The African assets were mostly sold for the same reason. Portugal Telecom, SGPS SA was split in separate companies: PT Portugal (now Altice Portugal) and Pharol (formerly PT SGPS), which owns a 27,5% stake in Oi. History The first telephone experiments in Portugal connected Carcavelos to the Central do Cabo in Lisbon, in 1877. In 1882, the Edison Gower-Bell Telephone Company was established in both Lisbon and Porto, to develop the respective telephone service concessions. In 1887, the conce ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sociedade Independente De Comunicação
SIC (acronym of full name Sociedade Independente de Comunicação) ("Independent Communication Society") is a Portuguese television network and media company, which runs several television channels. Their flagship channel is the eponymous SIC, the third terrestrial television station in Portugal, launched on 6 October 1992. SIC is owned by Impresa, a Portuguese media conglomerate. It is one of the two private free-to-air channels in Portugal, among the seven terrestrial free-to-air channels broadcasting from the country. It too, is the most-watched channel in Portugal from 1995 to 2005, and again from 2019 to today. Other channels operated by SIC carried on satellite and cable TV in Portugal are: * SIC Notícias, news channel; * SIC Radical, general entertainment channel targeting a younger audience; *SIC Mulher, general entertainment channel targeting a female audience; * SIC K, general entertainment channel targeting kids; *SIC Internacional, an international channel which bro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lusomundo
NOS Audiovisuais (formerly ZON Lusomundo) is a Portuguese integrated media corporation founded in 1953, which has major interests in movie distribution, cinema theaters and media assets. It was founded with the purpose of movie distribution, and had a very close relation with the biggest studios (it is currently the Portuguese licensee of United International Pictures, Walt Disney Studios Home Entertainment, Warner Home Video, Miramax Films and DreamWorks SKG). In the 1980s Lusomundo started acquiring newspapers, including '' Comércio do Porto'', ''Diário de Notícias'' and ''Jornal de Notícias''. In the early 1990s, it acquired TSF Rádio Notícias and minority stakes of TVI. In 2000, PT Multimédia made a successful takeover of Lusomundo. Since then, Lusomundo was split into two companies with different owners: *Lusomundo Audiovisuais, which controls the cinema and movie distribution assets *Lusomundo Media (now owned by Global Media Group Global Media Group (formerly C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
TV Cabo
NOS, SGPS S.A. is a Portuguese telecommunications and media company who provides mobile and fixed telephony, cable television, satellite television and internet. The company resulted from the merger in 2013 of two of the country's major telecommunications companies: Zon Multimédia (formerly known as PT Multimédia, a spun-off media arm of Portugal Telecom) and Sonae's Optimus Telecommunications. NOS owns premium movie channels TVCine and has a 25% stake in the Sport TV television network. It also operates 4 channels in joint-venture with AMC Networks International Southern Europe. NOS Audiovisuais (formerly ZON Lusomundo) is a home-video and cinema film distributor and operates Nos Cinema, the largest cinema chain of Portugal. History NOS was founded as TVCabo in 1994, and was the third cable operator to be founded in Portugal (the first was the regional Cabo TV Madeirense, which was founded in 1992, followed by Bragatel early on in 1994). The first customer was connected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PT Multimédia
NOS, SGPS S.A. is a Portuguese telecommunications and media company who provides mobile and fixed telephony, cable television, satellite television and internet. The company resulted from the merger in 2013 of two of the country's major telecommunications companies: Zon Multimédia (formerly known as PT Multimédia, a spun-off media arm of Portugal Telecom) and Sonae's Optimus Telecommunications. NOS owns premium movie channels TVCine and has a 25% stake in the Sport TV television network. It also operates 4 channels in joint-venture with AMC Networks International Southern Europe. NOS Audiovisuais (formerly ZON Lusomundo) is a home-video and cinema film distributor and operates Nos Cinema, the largest cinema chain of Portugal. History NOS was founded as TVCabo in 1994, and was the third cable operator to be founded in Portugal (the first was the regional Cabo TV Madeirense, which was founded in 1992, followed by Bragatel early on in 1994). The first customer was connected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Share
In business and finance, a golden share is a nominal share which is able to outvote all other shares in certain specified circumstances, often held by a government organization, in a government company undergoing the process of privatization and transformation into a stock-company. Purpose This share gives the government organization, or other shareholder, the right of decisive vote, thus to vote all other shares, in a shareholder meeting. Usually this will be implemented through clauses in a company's articles of association, and will be designed to prevent stakebuilding above a certain percentage ownership level, or to give a government, or other shareholder, veto powers over any major corporate action, such as the sale of a major asset or subsidiary or of the company as a whole. In the context of government-owned golden shares, this share is often retained only for some defined period of time to allow a newly privatised company to become accustomed to operating in a public envi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Portuguese Government
, border = Central , image = , caption = , date = , state = Portuguese Republic , address = Official Residence of the Prime Minister Estrela, Lisbon , appointed = President of the Republic , leader_title = Prime Minister , main_organ = Council of Ministers , ministries = 17 , responsible = Assembly of the Republic , url = The Government of Portugal is one of the four sovereignty bodies of the Portuguese Republic, together with the President of the Republic, the Assembly of the Republic and the courts. It is both the body of sovereignty that conducts the general politics of the country and the superior body of the Portuguese public administration. The Government of Portugal is also referred to as the Government of the Portuguese Republic, the Portuguese Government or simply the Government. The term "constitutional government" or simply "government" also refers to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Commission
The European Commission (EC) is the executive of the European Union (EU). It operates as a cabinet government, with 27 members of the Commission (informally known as "Commissioners") headed by a President. It includes an administrative body of about 32,000 European civil servants. The Commission is divided into departments known as Directorates-General (DGs) that can be likened to departments or ministries each headed by a Director-General who is responsible to a Commissioner. There is one member per member state, but members are bound by their oath of office to represent the general interest of the EU as a whole rather than their home state. The Commission President (currently Ursula von der Leyen) is proposed by the European Council (the 27 heads of state/governments) and elected by the European Parliament. The Council of the European Union then nominates the other members of the Commission in agreement with the nominated President, and the 27 members as a team are t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Berardo
José Manuel Rodrigues "Joe" Berardo GCIH, ComIH (born 4 July 1944), is a Portuguese and South African businessman, investor, and art collector. According to Portuguese magazine ''Exame'', he had an estimated net worth of €598 million in 2010, making him one of the wealthiest people in Portugal at the time. Starting around the 2010–2014 Portuguese financial crisis when both the Portuguese Republic finances and banking system collapsed, he has been involved in several controversies and legal issues which have led to the arrestment of his bank accounts, his companies' assets and himself due to ongoing legal investigations. Life Early life Berardo was born in 1944 at Santa Luzia, Funchal, Madeira, Portugal, the son of Manuel Berardo Gomes and Ana Rodrigues. Berardo left school when he was 13 years old and got a low-ranked job in the winery sector of Madeira wine. At the age of 18, he emigrated to South Africa where he worked in horticulture distribution and eventually set up ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Belmiro De Azevedo
Belmiro Mendes de Azevedo (17 February 1938 – 29 November 2017) was a Portuguese entrepreneur, ranked by Forbes as the 605th richest person in the world (2008), as well as the 3rd richest in Portugal, with an estimated wealth of US$ 2 billion. He owned a controlling stake in Sonae SGPS, one of the largest business groups in Portugal, which also operates in Spain, Greece, Germany, Italy, Turkey and Brazil. Sonae is a Portuguese leader in real estate and retailing and also has investments in telecommunications, tourism, venture capital, and the media. In 2006, Sonae launched an unsuccessful hostile bid to control Portugal Telecom (PT), the number one Portuguese telecommunications operator. Azevedo, a carpenter and a tailor's son from Marco de Canaveses, had a degree in chemical engineering from the University of Porto and an MBA from Harvard University. Azevedo's shares were acquired to the estate of late banker Afonso Pinto de Magalhães who, through his bank Banco Pinto de ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recomm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sonae
Sonae is a multinational business group based in Maia, Porto District, Portugal. It is present in 90 countries, operating in several sectors, including retail, financial services, shopping centres management, software and information systems, media and telecommunication It is the largest private employer in Portugal, with 53,794 employee Sonae is listed on the Euronext PSI-20 in Lisbon, under the code SO In the first quarter of 2018, Sonae's turnover amounted to 2,680 million euros, with net results in the order of 98 million euros, more 34.2% than the same period last yea History Sonae was founded in 1959 by the entrepreneur, banker and patron from Arouca, Portugal, Arouca, Afonso Pinto de Magalhães. The business group originated from the Sociedade Nacional de Estratificados, an industrial company operating in the area of processed wood, more specifically, in the production of decorative high-pressure laminated panelDuring the first two decades of existence, Sonae re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
