TMN adds 211,000 net new users in 4Q06

1 Feb 2007

Portugal’s largest cellular operator, Portugal Telecom subsidiary TMN, added around 400,000 net new customers in 2006, including 211,000 in the fourth quarter. The firm ended the year with just over 5.7 million customers, reports Telecompaper, quoting TMN’s president Zeinal Bava. He also said that the operator’s new Casa T tariff, which offers low-cost calls from a customer’s home, has attracted around 100,000 users in the three months since its launch. Casa T customers pay EUR5.90 a month for the service and are charged only for the first minute of each call to either fixed or mobile numbers. Calls made from outside the home are charged at the normal rate. Bava says usage rates have risen by 128% under the new tariff.

Portugal Telecom is currently the subject of a hostile takeover bid by Sonaecom; Sonae plans to merge TMN with its own mobile unit Optimus to create an operator which controls around two-thirds of the Portuguese cellular sector.