PT swallows cablecos

10 Aug 2007

Portugal Telecom subsidiary PT Multimedia has bought three smaller domestic cable TV operators from Parfitel at a cost of EUR60 million (USD82.5 million). The three cablecos – Bragatel, Pluricanal Leiria and Pluricanal Santarem – have 164,000 subscribers between them, according to PT, with joint revenues of EUR6 million in the first quarter of 2007. The deals await regulatory approval.

Portugal, Nos, PT Portugal (MEO)