PTM sees EUR1bn sales by 2010

14 Dec 2007

The Portuguese cable operator PT Multimedia (PTM) says it is expecting revenues to reach EUR1 billion (USD1.47 billion) annually by 2010. The firm’s strategic plan for the 2008-2010 period also confirms that it will embark on a share buyback: ‘Approval has been given by the board to proceed with a share buyback programme of up to 10% of the share capital.’ PTM is planning to launch as a mobile virtual network operator (MVNO) next year and, according to Reuters, is evaluating new acquisitions though has not disclosed any details. PTM saw revenues of EUR666.5 million in 2006.

Portugal, Nos