Joao Zuquete da Silva, director general of Portuguese cableco Cabovisao, has revealed that the company seeks to secure second place in the domestic telecoms market in the short- to medium-term. He suggests that Cabovisao is targeting a 10% share of the overall market, and is considering launching as a mobile virtual network operator (MVNO) if the company can find a partner ‘interested in doing business with Cabovisao parent Altice’. In addition, the cableco intends to invest EUR150 million (USD196.8 million) in the development and maintenance of its access network, which currently covers more than one million homes.
According to TeleGeography’s GlobalComms Database Luxembourg-based Altice Group acquired Cabovisao from Canada’s Cogeco Cable for EUR45 million in February 2012. Altice has subsequently agreed a deal to buy 95.5% of Portugal’s Oni Communications for EUR83 million, but it is unclear if the parent company intends to merge the two operations. However, the firm arguably has its work cut out in seizing the second spot in the market from larger rival cableco Zon Multimedia, which is in the process of merging with full service telco Optimus, thus boosting its own wireless ambitions. That said, local press sources have suggested that the latter merger could be nudged back until at least October, thanks to rigorous scrutiny by the Autoridade da Concorrencia.