Portugal Telecom studies partnerships with Chinese telcos

8 March 2007

Lisbon, Portugal, 8 March – Portugal Telecom is studying the launch of partnership and ways of working with Chinese telecom operators, despite the company’s international strategy focussing on Africa and Brazil, the company’s chairman said Wednesday in Lisbon.

In an interview given Monday and made available to all the company’s staff following the failure of the takeover bid launched by Portugal’s Sonaegroup, Henrique Granadeiro said that the company was studying, “with other Chinese operators some ways of collaborating.”

Granadeiro also said that the Board of Directors “is keeping its eyes on what could be the success of some partnerships that we may launch in China.”

Granadeiro recognized, however, that Portugal Telecom had “a much more secure and much more advanced,” hold on the Brazilian and African markets, “than on those of China and the Far East.”

Granadeiro said that PT would move ahead with the creation of a holding company for its African businesses, named PT África or ÁfricaTel, in order to ensure “a financial basis for expanding our operations.”

“I am convinced that it is within our reach to launch a pan-African operator together with our current partners and some future partners that may want to go with us on this adventure,” he said in the interview.

Speaking on the issue of the takeover bid and PT’s international strategy, Granadeiro said the company had missed some opportunities over the last 13 months, some of which “we are still going to try to get back, but others which have been lost forever.” (macauhub)