CEO of Portugal Telecom calls for review of tariff taxation in Brazil

11 December 2009

Brasilia, Brazil, 11 Dec – The chief executive of Portugal Telecom, Zeinal Bava, Thursday in Brasilia called for a review of taxes on mobile phone tariffs in Brazil in order to bring mobile broadband Internet access to the masses.

Noting that mobile operator Vivo, in which PT has a 50 percent share, would end 2009 with over 50 million customers, Bava said that it was fundamental for there to be a review of taxes charged on mobile phone tariffs so that companies could re-invest some of the that cash in promoting and boosting access to mobile broadband Internet.

The PT CEO said that Brazil was expected to increase its number of computers over the next three years by 50 million units and that, as a result there would be demand for improved coverage.

Portugal Telecom currently has a stake in the biggest mobile communications operator in the Southern hemisphere, Vivo, in partnership with Spanish group, Telefónica. The company is present in all of Brazil’s states.

Over the last 10 years, PT has invested 5.4 billion in Brazil and is Portugal’s largest investor in the country. (macauhub)