HOME
The Info List - Portugal Telecom





Paulo Neves (CEO)[1]

Products Fixedline & Mobile Telephony Fixedline & Mobile Internet Digital Television IT Services

Revenue €2.718 billion (2014)[2]

Operating income

€1.053 billion (2014)[2]

Net income

€384.0 million (2014)[2]

Total assets €7.400 billion (end 2014)[2]

Total equity €1.650 billion (end 2014)[2]

Number of employees

10,701 (end 2014)[2]

Parent Atlice

Website www.altice.pt

Altice Portugal
Portugal
(formerly known as Portugal
Portugal
Telecom or PT) is the largest telecommunications service provider in Portugal. Since June 2, 2015, the company is a wholly owned subsidiary of Altice Group, a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/Indian Ocean Area and Dominican Republic (“Overseas Territories”), Switzerland, and the United States. Its assets in Portugal
Portugal
were sold to Altice[3] in 2015 in a move of its owner, Oi SA,[4] to reduce debt. The African assets were mostly sold for the same reason. Portugal
Portugal
Telecom, SGPS SA was split in separate companies: PT Portugal
Portugal
(now Altice Portugal) and Pharol (formerly PT SGPS), which owns a 27,5% stake in Oi.[5][6]

Contents

1 History 2 Operations

2.1 Domestic 2.2 International

3 Ownership 4 Notes 5 External links

History[edit] The first telephone experiments in Portugal
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
Lisbon
and Porto, to explore the respective telephone service concessions. In 1887, the concession was transferred to APT - The Anglo Portuguese Telephone Company, which was kept by the latter until 1968, the year in which the Public Company "Telefones de Lisboa e Porto" (TLP) was created. The Post Office, Telegraphs and Telephones (CTT) explored until this present day, the telephone service in the rest of the country. For the exploration of radiotelegraphy and wireless telephone, a contract with the Marconi's Wireless Telegraphy Company concession was confirmed in 1922. In 1925, the "Companhia Portuguesa Rádio Marconi" (CPRM) was set up and took on all responsibilities of the previous concession. In 1970, CTT
CTT
became a Public Company and in 1989, the TLP was transformed into a Limited Company, and was completely controlled by the State.

APT heritage still in use in Porto

In 1992, the Portuguese government
Portuguese government
and the Public Service Television Corporation RTP agreed to separate the transmitter network from the rest of the corporation, transferring it to a recently created state-owned company named "Teledifusão de Portugal" (TDP). The purpose of this was to explore a nationwide TV broadcasting network available for any TV station in Portugal
Portugal
to request its services. At the time, RTP (a "native" client of TDP) was having competition for the first time since its creation in the 1950s. SIC required the services of TDP, but TVI decided to create its own transmitter Network (RETI). In 1992, CTT
CTT
became a Limited Company with public capital and the Comunicações Nacionais, SPGS, SA (CN) was created, a state holding company responsible for the managing of all state participation within the sector - CTT, TLP, CPRM e TDP. In this same year, the Telecommunications developed by CTT
CTT
was automatized through the creation of Telecom Portugal, SA, giving CTT
CTT
the possibility to dedicate itself exclusively to the Post Office. With this, Portugal had its own telecommunications network which was being explored by 3 operators: the TLP explored the telephone services in the Lisbon
Lisbon
and Porto
Porto
areas, Telecom Portugal
Portugal
was responsible for the remaining national, European and Mediterranean communications; and Marconi took hold of international traffic. In 1994, a unique national telecommunications operator was created with the fusion of companies within the CN State holding: Portugal
Portugal
Telecom, SA (PT), with the fusion of Telecom Portugal, TLP and TDP. Portugal
Portugal
Telecom was the only telephone operator in Portugal, being a monopoly, until 1994, when the government gradually retired its control over the corporation and, in 2000, Portugal
Portugal
Telecom became a publicly owned company. Since then, it has held a dominant position in the liberalized Portuguese market.

Headquarters in Lisbon

In early 2007, the Portuguese conglomerate, Sonae's takeover offer for Portugal
Portugal
Telecom failed. PT's board rejected an initial bid, worth EUR 11.1 bn, in February 2006. Sonae.com's takeover bid opposed Belmiro de Azevedo (founder and historical chairman of Sonae
Sonae
holding company) and his son Paulo Azevedo (then the head officer of Sonae.com telecommunications operator) to the investor José Berardo
José Berardo
and PT's administrators Zeinal Bava and Henrique Granadeiro.[clarification needed] In April 2007 the European Commission
European Commission
gave an ultimatum to the Portuguese government
Portuguese government
ordering it to give up on the 500 golden shares pack that it owned on the company and that enable special veto powers to the government on vital issues. This could give the government a decisive role in the bid by any company to buy Portugal
Portugal
Telecom. In November 2007, Portugal
Portugal
Telecom spun off its media assets (PT Multimédia), that included TV Cabo
TV Cabo
and Lusomundo Cinemas. In January 2008, the European Commission
European Commission
began legal proceedings against the Portuguese government
Portuguese government
over its 'golden share' in incumbent telecoms operator Portugal
Portugal
Telecom. The 500 golden shares with extended voting rights, allowing it to block potential takeover bids, were the reason for the Commission's legal action. Similarly, in November 2005, the Commission had forced the Spanish government
Spanish government
to give up its golden share in the other telecommunications' major player in the Iberian Peninsula, the Spanish telecoms giant Telefónica. In December 2009, Portugal
Portugal
Telecom purchased RETI. In October 2, 2013, Portugal
Portugal
Telecom and Brazil's Oi said they would combine operations to form a new Brazil-based company with more than 100 million subscribers.[7] The resulting company's provisional name is CorpCo. Armando Almeida replaced Zeinal Bava at the helm of Portugal
Portugal
Telecom on August 18, 2014. Zeinal Bava skipped off to Oi in Brazil.[8] On June 2, 2015, Altice Group announced closing of Portugal
Portugal
Telecom acquisition.[9][10] Paulo Manuel da Conceição Neves was appointed as CEO.[11] On November 21, 2017, Paulo Neves resigns as CEO and it was replaced by Alexandre Filipe Fonseca.[12] Operations[edit] Domestic[edit] Altice owns MEO, the largest landline operator in Portugal.[13] Its operating brands include MEO, a quadruple play service provider and SAPO, an ISP and producer of web content. Portugal
Portugal
Telecom also owns Altice Labs (formerly known as PT Inovação), an IT services and research and development company; PT Contact, focused in the business of managing contact centres. International[edit] Portugal
Portugal
Telecom does not run any international operations, since all have been transferred to Oi, in 2014.[14] Brazil
Brazil
was Portugal
Portugal
Telecom's second-largest market. PT agreed to acquire 22.4% of Telemar Norte Leste (Oi), the country's largest telecommunications firm, in July 2010.[15] Separately it also had 29% of UOL, a major Brazil-based ISP and online service provider; and was the sole owner of Dedic, a call centre operator.[13] PT previously held 29.7% of Vivo, the country's largest mobile phone network, which it controlled jointly with Telefónica. It agreed however to sell its stake to Telefónica
Telefónica
for €7.5 billion in July 2010.[15] Portugal
Portugal
Telecom's other main international assets were based in Africa and Asia, largely in Portuguese-speaking nations. Through a 75%-owned investment holding company Africatel, PT had an effective 18.75% of Angola's largest mobile operator Unitel; 30% of Cabo Verde Telecom (CVT) of Cape Verde; 38.25% of Companhia Santomense de Telecomunicações (CST) of São Tomé and Príncipe; and 25.5% of the Namibian mobile firm MTC.[13] The firm sold a 32% shareholding in Méditel
Méditel
of Morocco in September 2009.[16] In Asia
Asia
Portugal
Portugal
Telecom owned 41.1% of Timor Telecom of East Timor. Ownership[edit] Altice Portugal
Portugal
is no longer a publicly traded company, since 100% of its capital is owned by Altice Group. As of 15 November 2011 its major stockholders were Espírito Santo Financial Group (11.30%), RS Holding (10.05%), Capital Research and Management (9.97%), Oi (7.00%), Caixa Geral de Depósitos (6.23%), Brandes Investment Partners (5.24%) and Norges Bank
Norges Bank
(5.01%). After privatization the Portuguese government
Portuguese government
owned 500 golden shares in PT, which carried special rights over the company's management decisions and blocked any one shareholder from holding more than 10% of voting rights within the company.[17] The golden shares were the subject of a long running dispute between the government and the European Commission, which alleged that their existence was illegal under EU law. Portugal
Portugal
argued that the shares were in the public interest. A case brought before the European Court of Justice
European Court of Justice
by the Commission to force the government to cede its shares resulted in the announcement of their abolition in July 2011.[18] On 2 October 2013 it was reported that Portugal
Portugal
Telecom and Brazil's Oi are to Merge to create a Brazil-based company.[19] Since June 2, 2015, it is a wholly owned subsidiary of Altice Group, a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/Indian Ocean Area and Dominican Republic (“Overseas Territories”) and Switzerland. Notes[edit]

^ http://www.telecompaper.com/news/pt-portugal-names-new-management--1091417 ^ a b c d e f "Consolidated Report 2014" (PDF). PT Portugal. Retrieved 30 July 2014.  ^ [ISIN: LU1014539529] ^ [ISIN: BROIBRACNOR1] ^ https://www.wsj.com/articles/portugal-telecom-holders-approve-sale-of-portuguese-operations-to-altice-1421958476 ^ http://www.nasdaq.com/press-release/oi-approval-by-telemar-participacoes-shareholders-of-the-planned-measures-for-the-transaction-goal-20150401-00016 ^ The Wall Street Journal https://online.wsj.com/news/articles/SB10001424052702304906704579110693710265598.  Missing or empty title= (help) ^ Portugal
Portugal
Telecom’s new chief 'to put customers first', Algarve Daily News (18-09-2014) ^ "Altice announces closing of Portugal
Portugal
Telecom Acquisition" (PDF). June 2, 2015.  first1= missing last1= in Authors list (help) ^ "Altice finalises acquisition of Portugal
Portugal
Telecom". Agence France-Presse and Business Insider. June 2, 2015. Retrieved August 1, 2015. . ^ "PT Portugal
Portugal
names new management".  ^ "Altice: Paulo Neves sai da PT, Alexandre Fonseca confirmado como presidente executivo".  ^ a b c "Corporate structure". Portugal
Portugal
Telecom. 1 September 2009. Archived from the original on 26 April 2012. Retrieved 23 January 2010.  ^ "Oi capital increase" (PDF).  ^ a b Minder, Raphael (28 July 2010). " Telefónica
Telefónica
Wins Full Control of Brazil
Brazil
Phone Venture". The New York Times. Retrieved 31 July 2010.  ^ Tavares, Elisabete; Khalip, Andrei; MacInnes, Judy (1 September 2009). " Portugal
Portugal
Telecom, Telefonica sell Meditel stakes". Reuters. Retrieved 23 January 2010.  ^ Wise, Peter (16 February 2007). "Sonaecom lifts Portugal
Portugal
Telecom bid". Financial Times. Retrieved 23 January 2010.  ^ Goncalves, Sergio; Alvarenga, Daniel (5 July 2011). " Portugal
Portugal
scraps golden shares in utilities". Reuters. Retrieved 18 November 2011.  ^ PATRICIA KOWSMANN and ROGERIO JELMAYER (2 October 2013). "Portugal Telecom and Brazil's Oi to Merge". The Wall Street Journal. Wall Street Journal. Retrieved 2 October 2013.  Missing last1= in Authors list (help)

External links[edit]

Offi

.