Paulo Azevedo, CEO of Portugal’s Sonae group, says the firm is not willing to sell off its telecoms division Sonaecom, although it would consider a power sharing deal if Sonaecom merges with another player. Azevedo has confirmed that Sonaecom is interested in a merger with the Portuguese cable operator Zon Multimedia, which was spun off from Portugal Telecom (PT) in November last year, though its initial moves have been turned down. According to a report from Thomson Financial, Sonaecom’s CEO Angelo Pauperio told an investor conference that the firm ‘is willing to continue to lead consolidation in the Portuguese telecoms sector,’ and he said that there are several regional and niche telecoms operators in Portugal that ‘could help us improve our competitive position and are willing to join efforts with us.’
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
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