Portugal Telecom (PT), Portugal’s largest fixed line operator by subscribers, has reported revenues of EUR952.2 million (USD1.34 billion) for the three months ended 30 September 2010. This figure represents a 0.3% increase from the EUR949.3 million generated during the same period one year earlier. EBITDA for Q3 dropped 3.8%, from EUR396.8 million to EUR381.9 million, while net income declined 20.2% from EUR206 million to EUR164.5 million. The company has adjusted all historical 2009 figures to exclude its former Brazilian interest Vivo, dismissing it as a ‘discontinued operation’. Vivo was sold to Telefonica for USD9.8 billion in July 2010.
PT’s fixed line division saw its revenue increase by 0.1%, from EUR481.1 million to EUR481.6 million year-on-year, but its wireless unit TMN saw revenues slump 10.5%, from EUR397.9 million to EUR355.9 million. In operational terms, PT now claims 2.69 million PSTN retail accesses, a 2.5% drop from 2.76 million year-on-year. Its ADSL retail accesses increased 18.7%, from 812,000 to 964,000, whilst its TV customer base saw the largest increase of all of its domestic interests, rising 52.3%, from 505,000 to 769,000. TMN recorded a 3.4% increase in subscribers, from 7.07 million to 7.31 million.