Portugal Telecom Company Profile

Aggregated data from the web about Portugal Telecom
Company Name Portugal Telecom
Website www.altice.pt
Snippet Altice Portugal (formerly known as Portugal Telecom or PT) is the largest telecommunications service provider in Portugal. Since June 2, 2015, the company has been a wholly owned subsidiary of Altice Group, a multinational cable and telecommunications company with a presence in France, Israel, Belgium, Luxembourg, Portugal, French West Indies/Indian Ocean Area, the Dominican Republic (“Overseas Territories”), Switzerland, and the United States. The assets in Portugal were sold to Altice[3] in 2015 per request of, Oi SA,[4] to reduce debt. The African assets were mostly sold for the same reason. Portugal Telecom, SGPS SA was split in separate companies: PT Portugal (now Altice Portugal) and Pharol (formerly PT SGPS), which owns a 27,5% stake in Oi.[5][6]
Type Subsidiary
Parent Altice
Founded 1994
Revenue €2.718 billion (2014)[2]
Website www.altice.pt
Industry Telecommunications
Products Fixedline & Mobile TelephonyFixedline & Mobile InternetDigital TelevisionIT Services
Key people Alexandre Fonseca(CEO)[1]
Net income €384.0 million (2014)[2]
Headquarters Lisbon, Portugal
Total assets €7.400 billion (end 2014)[2]
Total equity €1.650 billion (end 2014)[2]
Operating income €1.053 billion (2014)[2]
Number of employees 10,701 (end 2014)[2]

Portugal Telecom is part of the Portugal company list

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