Portugal Telecom sells network management company Primesys to Brazil’s Dedalus

19 April 2006

Lisbon, Portugal, 19 April – Portugal Telecom (PT) has sold its Brazilian telecommunications network management company Primesys to Brazil’s Dedalus Sistemas, the Dedalus president said.

Speaking to Portuguese financial daily, Maurício Fernandes said that with the acquisition Dedalus “now has a complete portfolio, as well as boosting the group’s strategy of offering more outsourcing services.”

The paper added that the sale is part of PT’s strategy to focus its Brazilian activities on mobile phone operator Vivo, which is a joint venture between PT and Spain’s Telefonica.

PT remains a shareholder of media group Folha and Internet portal UOL, but has not yet said if it plans to sell these stakes.

Primesys TI was set up a year ago when it was split off from Primesys Soluções.

The other company that resulted from the split, Primesys Telecom, was sold in August of last year to Brazil’s Embratel, which is controlled by Mexican group Telmex.

Fernandes added that the company Dedalus had acquired, now renamed Dedalus Prime, should post turnover of 10 million euros over the next year.

PT is Portugal’s largest telecommunications operator and has interests in mobile and fixed telecoms market in Sao Tome, Macau, Kenya, Mozambique, Botswana and Angola. (macauhub)