Portugal has a medium-sized telecom market with a strong mobile sector and a growing broadband customer base focussed on the delivery of fibre-based services. The country's difficult economic conditions have seen operators' domestic revenue fall in recent quarters. This has resulted in considerable ownership changes in the market. Cogeco sold the flagging Cabovisão in early 2012 for a considerable loss. Sonaecom's Optimus division was merged with Zon Multimédia in mid-2013, becoming Zon Optimus before being rebranded as NOS. The incumbent Portugal Telecom, following a poorly managed link up with the Brazilian telco Oi and a disastrous investment in a failed bank, was sold to Altice Group, a deal which also saw Altice obliged to sell the cableco Cabovisão as well as Oni Telecom.
This report introduces the major elements of the Portuguese telecom market, presenting statistics on the fixed telephony sector as well as an analysis of the major market players. Additional information is provided on the key regulatory issues, noting the status of interconnection, local loop unbundling, number portability and carrier preselection.
New cable to link Portugal with Brazil; PT announces plan to replace copper network with FttP by 2020; Zon Optimus rebrands as NOS; PT eliminates special rights granted to the government's golden shares; AR Telecom exits residential market; PT sold by Oi to the Altice Group for 7.4 billion; PT opens Europe's largest data centre; report update includes the regulator's market data to Q4 2015, telcos' operating and financial data to Q4 2015, recent market developments.
Companies mentioned in this report:
Meo (TMN), NOS (Optimus, Zon Multimédia), Vodafone.