Portugal Telecom reports 1Q results

6 May 2010

Portugal Telecom’s (PT’s) first quarter net profit fell 40% as revenue stagnated in its home market and the company earmarked more money to expand networks and pay television. PT said net profit fell to EUR100.3 million (USD129.4 million) from EUR166.4 million a year earlier. Revenue rose 11% to EUR1.77 billion, while earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 5.1% to EUR633.4 million.

Portugal Telecom invested heavily in the quarter in beefing up its pay-TV business in Portugal and third-generation mobile network in Portugal and Brazil, two of the company’s main strategic operations. The company said capital expenditure in the quarter rose 2% to EUR229 million compared with a year ago, mostly due to costs from expanding its fibre-optic networks.

Portugal,PT Portugal (MEO),



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.