Optimus: Vodafone keen, PT not

6 Mar 2007

The chairman of Vodafone Portugal says he sees ‘very efficient synergies’ from an acquisition of smaller rival Optimus. Antonio Carrapatoso was discussing the possibility of a bid for Optimus on TV news channel SIC Noticias. Optimus is owned by Sonaecom, which last week failed with its bid to take control of the country’s dominant telco, Portugal Telecom (PT). PT, meanwhile, says it is unlikely to make a counter bid for Optimus, AFX reports. The company’s chairman Henrique Granadeiro says the situation is ‘not favourable’ to a hostile takeover and a ‘friendly solution’ is not likely. PT’s cellular subsidiary TMN controls more than 46% of Portugal’s mobile subscribers, while Vodafone claims 37% and Optimus has 16.5%.