PT swallows cablecos

10 Aug 2007

Portugal Telecom subsidiary PT Multimedia has bought three smaller domestic cable TV operators from Parfitel at a cost of EUR60 million (USD82.5 million). The three cablecos – Bragatel, Pluricanal Leiria and Pluricanal Santarem – have 164,000 subscribers between them, according to PT, with joint revenues of EUR6 million in the first quarter of 2007. The deals await regulatory approval.

Portugal , Nos, PT Portugal (MEO)



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