ANACOM permits transfer of MEO frequencies to PTC

5 Jan 2015

Portugal’s Autoridade Nacional de Comunicacoes (ANACOM) has announced that it has granted permission for Meo Servicos de Comunicacoes e Multimedia (MEO) to transfer its wireless frequencies to sister company Portugal Telecom Comunicacoes (PTC), as part of the ongoing merger between the Portuguese mobile and fixed units. TeleGeography notes that 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.

The internal merger coincides with Altice Group’s ongoing EUR7.4 billion (USD9.2 billion) acquisition of ‘PT Portugal Telecom SGPS’ (‘PT Portugal’), which was agreed last month. The sale of PT Portugal, which is currently wholly owned by Oi SA of Brazil, includes the two domestic units, alongside a 45% stake in Hungarian satellite data transmission company HDT (Hungaro Digitel). However, the deal does not include the Africatel holding company, Timor Telecom or the debts attributed to Rio Forte Investments.