The Portuguese cable operator PT Multimedia (PTM) says it is expecting revenues to reach EUR1 billion (USD1.47 billion) annually by 2010. The firm’s strategic plan for the 2008-2010 period also confirms that it will embark on a share buyback: ‘Approval has been given by the board to proceed with a share buyback programme of up to 10% of the share capital.’ PTM is planning to launch as a mobile virtual network operator (MVNO) next year and, according to Reuters, is evaluating new acquisitions though has not disclosed any details. PTM saw revenues of EUR666.5 million in 2006.
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