Lisbon, Portugal, 29 Dec – The number of mobile telephone service customers of Sao Tome telecoms company, Companhia Santomense de Telecomunicações (CST) now totals 100,000 giving the company a market penetration of 60 percent, its main shareholder Portugal Telecom said.
Portugal Telecom (PT) also said that the 100,000 customers represented growth of 25 percent against 2009, a year in which the number of customers rose by 60 percent.
The mobile service, which was launched six years ago, is already CST’s main business area, accounting for over 60 percent of its revenues.
CST plans to launch third generation services in the first quarter of 2012, when an intercontinental undersea cable is inaugurated.
CST, Companhia Santomense de Telecomunicações, is 51 percent owned Portugal Telecom, and its remaining shares are in the hands of the Sao Tome state. (macauhub)