Tax benefit boosts Sonaecom returns

3 Mar 2008

The Portuguese alternative operator Sonaecom has reported a net profit of EUR36.8 million (USD55.9 million) in 2007, up from a net loss of EUR9.7 million in 2006. Earnings were boosted by a EUR34.9 million tax benefit in the fourth quarter results. Revenues for the full year were up 8.6% at EUR892.7 million, while EBITDA rose 3.3% to EUR162 million. Cellular subsidiary Optimus ended 2007 with 2.28 million active subscribers, up from 2.06 million at end-2006, while the fixed line division claimed 815,600 customers, up from 380,700 twelve months earlier.

Portugal, Optimus (Movel), Optimus (Clix),

Subscribe

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

Subscribe to CommsUpdate

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

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

Advertise

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.

Share