Portugal: Brazil and Africa big priorities for Portugal Telecom

16 April 2008

Praia, Cape Verde, 16 April – The mobile telecommunications markets in Brazil and Africa will be the big priorities of Portugal Telecom’s (PT) international investments, Zeinal Bava said in Praia Tuesday.

Bava said that his main concern was to consolidate the position the company has in Africa and to invest in Vivo, the biggest mobile communications company in South America, with headquarters in Brazil.

Portugal Telecom is present in nine markets in Africa with over 11 million mobile customers, which is 4 percent of the total market.

Bava noted that the assets of Africatel (which is the holding company for the African continent) currently totalled 900 million euros, as compared with 250 million two years ago.

Portugal Telecom has interests in Morocco (Méditel, 32.2 pct of fixed and mobile market), Cape Verde (40 percent of Cabo Verde Telecom) and Sao Tome and Principe (51 percent of fixed and mobile market).

PT also has shareholdings in Namibia (34 percent of MTC), Botswana, Angola (stakes in Unitel, Multitel and Elta), Kenya (60 percent of KPD) and Mozambique (half of Teledata and LTM).

In Guinea Bissau PT has 40 percent of Guiné Telecom (fixed line) and 55 percent fo Guinétel (mobile). (macauhub)