Embratel buys Primesys

10 Aug 2005

Long distance telco Embratel has signed a deal with Portugal Telecom to buy 100% of data operator Primesys Soluciones Empresariais for BRL231 million (USD100 million). The deal will enable Embratel to expand into other segments of the telecoms market. Primesys reported revenues of BRL235 million in 2004.