PT set to ‘clean house’ by merging wireless, wireline units

28 Nov 2014

As speculation over its future intensifies, Portugal Telecom (PT) is reportedly set to formally merge its wireless and wireline units into a single operating division. According to online journal, the Portuguese telco will fold its wireless arm (previously known as Telecomunicacoes Moveis Nacionais [TMN]) into its fixed line unit (formerly known as Portugal Telecom Comunicacoes [PTC]). Both divisions were re-branded as MEO in 1Q14, but have continued to be managed independently, posing problems as the telco tries to implement a cohesive quad-play strategy. Going forward, the MEO brand name will be preserved, and the merger is expected to be concluded on 1 January 2015.