Portugal Telecom

Drahi reportedly in exclusive talks to buy Portugal Telecom

French cable and telecom investor Patrick Drahi has reportedly entered into exclusive talks to buy Portugal Telecom’s domestic assets after tabling at €7.4 billion bid. According to French financial daily Les Echos, Drahi’s Altice investment vehicle has entered into exclusive talks with Brazil’s Oi to buy the Portuguese telco. The paper said that Altice had […]

Altice open to acquiring Bouygues Telecom

Altice could be open to acquiring French service provider Bouygues Telecom, according to the Patrick Drahi investment vehicle’s CEO, Dexter Goei, cited by Dow Jones Newswires. Goei, speaking at a Morgan Stanley conference in Barcelona, said that there was a great potential to realise synergies between the two companies. Goei said Altice would not need […]

Altice tables €7 billion bid for Portugal Telecom

Fresh from securing regulatory acceptance of Numericable’s takeover of SFR, telecoms investor Patrick Drahi’s Altice vehicle has made a binding offer to acquire Portugal Telecom’s domestic Portuguese business with a value of €7.025 billion on a cash and debt-free basis.  The assets being bid for comprise the existing business of Portugal Telecom outside of Africa […]

Current Oi and former PT chief Bava resigns

Zeinal Bava, the CEO of Brazilian telco Oi, and the former Portugal Telecom chief executive, has resigned his position. Bava had been subject to criticism following Oi’s botched merger with Portugal Telecom. The Portuguese telco’s merger with the Brazilian company ran into trouble as a result of the collapse of shareholder Portuguese bank Espirito Santo […]

Altice-Numericable in talks to buy Portugal Telecom

Just ahead of his imminent acquisition of French telco SFR, cable operator Numericable’s owner Patrick Drahi has turned his attention to Portugal Telecom as his next major target, according to various reports.  Drahi’s investment vehicle Altice is in talks to acquire Portugal Telecom, and may be the only candidate in play, according to a source […]

Portugal Telecom passes one million Meo Go downloads

Portugal Telecom has passed to one million download milestone for its Meo Go TV everywhere app. Meo Go is available in the Apple App Store for iPad, iPhone and iPod, from Google Play for Android tablets and smartphones and from the Windows Store for computers, laptops and Windows phones. The app enables uers to watch […]

Portugal Telecom teams up with RTP and Hispasat for Ultra HD broadcast

Portugal Telecom/Meo has teamed up with public broadcaster RTP to deliver ultra HD coverage of the friendly World Cup warm-up match between Portugal and Greece in Lisbon tomorrow.   The coverage will the be first live UHD broadcast in the country. Spanish satellite operator Hispasat will provide satellite capacity for Meo on the Hispasat 1E […]

Portugal Telecom sees TV growth in tough market

Portugal Telecom’s Meo service saw residential and commercial pay TV subscribers rise 6.9% year-on-year and by 20,000 customers quarter-on-quarter to reach 1,334,000 at the end of March.  Portugal Telecom’s triple-play base increased by 37,000 in the quarter to March to reach 989,000, up 14.7% year-on-year. In the Portuguese residential market, the group had 1.168 million […]

Pay TV boost for Portugal Telecom, Brazil’s Oi refocuses offering

Portugal Telecom’s pay TV base grew by 7.5% in the course of 2013 to 1.315 million subscribers, while the company’s triple-play base increased by 14.3% to 952,000 – representing 45.8% of its customer base.  The company said its share of the Portuguese pay TV market grew from 39.2% in 2012 to 41.4% in 2013. Portuguese […]

Portugal Telecom extends Meo brand in quad-play drive

Portugal Telecom has decided to rebrand all its consumer services, including mobile, under the Meo brand that is already used for its fixed-line offerings. The move means the ending of the TMN brand for mobile services and the establishment of Meo as the company’s quad-play brand. Portugal Telecom said Meo was now established as a […]