Lower interconnect fees hit PT sales

9 Nov 2006

Portugal Telecom has posted a 1.3% drop in consolidated revenues for the three months to the end of September, from EUR1.64 billion to EUR1.62 billion, although sales for the first nine months of the year were up slightly on last year’s level to EUR4.71 billion. The quarterly fall was attributed to the negative impact of reduced interconnect rates. Net income for the nine-month period increased by 46.2% to EUR527 million, while third quarter profits were up 62.8% to EUR125.4 million. Income was boosted by a restructuring of tax payments and reduced redundancy payments. The PT Group claimed 4.41 million wireline customers, 34.22 million cellular subscribers and just over one million broadband internet users at the end of September. Its domestic mobile subsidiary TMN had 5.49 million subscribers while in Brazil its Vivo joint venture claimed 28.73 million.

Portugal,Telecomunicacoes Moveis Nacionais (TMN),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.