Buyouts boost Sonaecom

13 May 2008

Portuguese alternative telco Sonaecom has narrowed its net loss in the first three months of the year to EUR5.5 million (USD8.5 million), from EUR6.0 million in the year-ago period. Revenues were up 19.5% year-on-year at EUR237.7 million, helped by last year’s acquisition of rival operators Tele2 Portugal and Oni. Pro forma sales growth was around 6%. Revenues from mobile division Optimus rose 6.2% to EUR151.6 million, while the wireline business saw sales jump 39.2% to EUR75.2 million, again due to the acquisitions. Optimus claimed 2.29 million active customers at the end of March, up from 2.12 million a year before.

Portugal, Optimus (Clix)