Zon Multimedia announces Optimus merger

Portugal’s largest cable operator Zon Multimedia has signed a deal to merge Sonaecom’s telco unit Optimus into its business.

In a joint statement, the parties said they had “reached a deal to promote jointly with the boards of Zon Multimedia and of Optimus a merger operation by incorporating Optimus into Zon”.

Zon ended June with 730,9000 triple-play subs and reported second quarter operating revenues up 1.4% to €214 million.