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Portugal Telecom
Type Public company
Euronext: PTC NYSE: PT
Founded 1994
Headquarters Flag of Portugal Lisbon, Portugal
Industry Telecommunications
Products Telecommunications
Revenue ▲ € 6,343 billion (2006)
Net income ▲ € 867 million (2006)
Employees 32 058 (2006)
Subsidiaries Páginas Amarelas, S. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Euronext NV is a pan- European Stock exchange based in Paris and with subsidiaries in Belgium, France, Netherlands The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Lisbon (Lisboa liʒˈboɐ is the Capital and largest city of Portugal. Portugal, officially the Portuguese Republic (República Portuguesa is a country on the Iberian Peninsula. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services Please update other articles as well to avoid contradiction within Wikipedia e Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. Please update other articles as well to avoid contradiction within Wikipedia e Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. Employment is a Contract between two parties, one being the employer and the other being the employee. Year 2006 ( MMVI) was a Common year starting on Sunday of the Gregorian calendar. A subsidiary, in business matters is an entity that is controlled by a bigger and more powerful entity A.
PT Comunicações
PT.COM
TMN, S.A.
Vivo
Website Portugal Telecom

Portugal Telecom (PT) is the largest telecommunications service provider in Portugal. Portugal Telecom (PT is the largest Telecommunications service provider in Portugal. SAPO ( Portuguese for Toad) S ervidor de A pontadores P ortugueses is a Brand and Subsidiary company of TMN - Telecomunicações Móveis Nacionais SA, headquartered in Lisbon, is Portugal 's first Mobile communications company both chronologically Vivo ( Bovespa: VIVO3 / VIVO4;) is the largest Mobile phone service provider in Brazil and A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages A Telecommunications Service Provider or TSP is a type of Communications Service Provider that has traditionally provided telephone and similar services Portugal, officially the Portuguese Republic (República Portuguesa is a country on the Iberian Peninsula. Although it operates mainly in Portugal and Brazil, it has also a significant presence in Morocco, Guinea-Bissau, Cape Verde, Mozambique, Timor-Leste, Angola, Kenya, the People's Republic of China, and São Tomé and Príncipe. |utc_offset = -2 to -4 |time_zone_DST = BRST |utc_offset_DST = -2 to -5 |cctld Morocco (المغرب "al-Maghrib" officially the Kingdom of Morocco (المملكة المغربية is a country located in North Africa The Republic of Guinea-Bissau (ˈgɪni bɨˈsaʊ República da Guiné-Bissau ʁɛˈpublikɐ dɐ giˈnɛ biˈsau is a country in Western Africa, and one of the smallest The Republic of Cape Verde ( Portuguese: Cabo Verde, 'kabu 'veɾdɨ is a Republic located on an Archipelago in the Macaronesia Mozambique, officially the Republic of Mozambique (Moçambique or República de Moçambique, ʁɛ'publikɐ d musɐ̃'bik is a country in southeastern Africa East Timor, also known as Timor-Leste (officially the Democratic Republic of Timor-Leste) is a country in Southeast Asia. Angola, officially the Republic of Angola (República de Angola Pronounced ʁɛˈpublikɐ dɨ ɐ̃ˈgɔlɐ Repubilika ya Ngola is a country in south-central The Republic of Kenya is a country in East Africa. It is bordered by Ethiopia to the north Somalia to the northeast Tanzania to the south Talk People's Republic of China) PEOPLE'S REPUBLIC OF CHINA ARTICLE GUIDELINES São Tomé and Príncipe, officially the Democratic Republic of São Tomé and Príncipe, is an Island nation in the Gulf of Guinea, off the western equatorial

Due to its large market share, Portugal Telecom is considered a de-facto monopoly in fixed telephony in Portugal.

Contents

History

The first telephone experiments in Portugal connected Carcavelos to the Central do Cabo in Lisbon, in 1877. Basic principle A traditional landline telephone system also known as "plain old telephone service" (POTS, commonly handles both signaling and audio information Carcavelos is a parish in the Portuguese municipality of Cascais, about 12 km west of Lisbon. Lisbon (Lisboa liʒˈboɐ is the Capital and largest city of Portugal. In 1882, the Edison Gower Bell Telephone Company of Europe Limited was set up in Lisbon and Porto, to explore the respective telephone service concessions. In 1887, the concession was transferred to APT - The Anglo Portuguese Telephone Company, which was kept by the latter until 1968, the year in which the Public Company "Telefones de Lisboa e Porto" (TLP) was created. The Post Office, Telegraphs and Telephones (CTT) explored until this present day, the telephone service in the rest of the country. CTT Correios de Portugal SA - meaning Postal Services of Portugal plc - is the national postal service of Portugal. For the exploration of radiotelegraphy and wireless telephone, a contract with the Marconi's Wireless Telegraphy Company concession was confirmed in 1922. In 1925, the "Companhia Portuguesa Rádio Marconi" (CPRM) was set up and took on all responsibilities of the previous concession.

In 1970, CTT became a Public Company and in 1989, the TLP was transformed into a Limited Company, and was completely controlled by the State. In 1992, "Teledifusora de Portugal" (TDP) was created with the mission of exploring the infrastructures of Teledifusão.

In 1992, CTT became a Limited Company with public capital and the Comunicações Nacionais, SPGS, SA (CN) was created, a state holding company responsible for the managing of all State participation within the sector - CTT, TLP, CPRM e TDP. In this same year, the Telecommunications developed by CTT was automatized through the creation of Portugal Telecom, SA, giving CTT the possibility to dedicate itself exclusively to the Post Office. With this, Portugal had its own telecommunications network which was being explored by 3 operators: the TLP explored the telephone services in the Lisbon and Porto areas, Telecom Portugal was responsible for the remaining national, European and Mediterranean communications; and Marconi took hold of international traffic. In 1994, a unique national telecommunications operator was created with the fusion of companies within the CN State holding - Portugal Telecom, SA (PT) with the fusion of Telecom Portugal, TLP and TDP.

Portugal Telecom was the only telephone operator in Portugal, being a monopoly, until 1994, when the government gradually retired its control over the corporation and in 2000 Portugal Telecom became a publicly owned company. In Economics, a monopoly (from Greek monos, alone or single + polein, to sell exists when a specific individual or enterprise has sufficient Year 1994 ( MCMXCIV) was a Common year starting on Saturday (link will display full 1994 Gregorian calendar) 2000 ( MM) was a Leap year that started on Saturday of the Common Era, in accordance with the Gregorian calendar. Since then, it has held a dominant position in the liberalized Portuguese market.

In early 2007, Portuguese company Sonae's takeover offer over Portugal Telecom failed. Sonae ( is a conglomerate, and is the largest private employer in Portugal with a strong appeal to senior managers and young graduates In business a takeover is the purchase of one company (the target) by another (the acquirer, or bidder) PT's board rejected an initial bid, worth EUR11. 1bn, in February 2006. Sonae. com's takeover bid opposed Belmiro de Azevedo (founder and historical chairman of Sonae holding company) and his son Paulo Azevedo (then the head officer of Sonae.com telecommunications operator) to the investor José Berardo and PT's administrators Zeinal Bava and Henrique Granadeiro. Belmiro Mendes de Azevedo (born February 17 1938) is a Portuguese entrepreneur ranked by Forbes Sonae ( is a conglomerate, and is the largest private employer in Portugal with a strong appeal to senior managers and young graduates Sonae ( is a conglomerate, and is the largest private employer in Portugal with a strong appeal to senior managers and young graduates José Manuel Rodrigues Berardo, GCIH, most commonly known as Joe Berardo, (born July 4, 1944, in Madeira, In April 2007 the European Commission gave an ultimatum to the Portuguese Government ordering it to give up on the 500 golden shares pack that it owned on the company and that enable special veto powers to the government on vital issues. The European Commission (formally the Commission of the European Communities) is the executive branch of the European Union. The Government is one of the four sovereignty organs of the Portuguese Republic. A Golden Share is a nominal share which is able to outvote all other shares in certain specified circumstances often held by a government organization in a government company undergoing This could give the government a decisive role in the bid by any company to buy Portugal Telecom. In November 2007, Portugal Telecom spun-off its media assets (PT Multimédia), that included TV Cabo and Lusomundo Cinemas. ZON Multimédia is a Portuguese media Holding company whose main assets include a satellite, cable operator and ISP (TV ZON Multimédia is a Portuguese media Holding company whose main assets include a satellite, cable operator and ISP (TV Lusomundo was a Portuguese integrated media corporation founded in 1953 which had major interests in movie distribution cinema teathers and media assets In January 2008, the European Commission began legal proceedings against the Portuguese Government over its 'golden share' in incumbent telecoms operator Portugal Telecom. The European Commission (formally the Commission of the European Communities) is the executive branch of the European Union. The 500 golden shares with extended voting rights, allowing it to block potential takeover bids, were the reason for the Commission's legal action. Similarly, in November 2005, the Commission had forced the Spanish Government to give up its golden share in the other telecommunications' major player in the Iberian Peninsula, the Spanish telecoms giant Telefónica. Chief of State King Juan Carlos I, since November 22 1975; Queen Sofia Prince of Asturias Felipe The Iberian Peninsula, or Iberia, is located in the extreme southwest of Europe, and includes modern day Spain, Portugal, Andorra Telefónica SA, (,,,,) is a Spanish telecommunication company.

PT companies

Portugal Telecom owns[1] PT Comunicações, the largest landline operator in Portugal; Meo, an triple play service provider; Telecomunicações Móveis Nacionais, SA, the largest mobile phone operator in Portugal; one of the largest shared services company in Europe (PT PRO); PT.COM, an Internet service provider; Páginas Amarelas, S. Meo is the commercial name of the Satellite and IPTV television over ADSL service of Portugal's PT Comunicações telecommunications company In Telecommunications the triple play service is a marketing term for the provisioning of the two broadband services high-speed Internet access and television and TMN - Telecomunicações Móveis Nacionais SA, headquartered in Lisbon, is Portugal 's first Mobile communications company both chronologically SAPO ( Portuguese for Toad) S ervidor de A pontadores P ortugueses is a Brand and Subsidiary company of An Internet service provider ( ISP, also called Internet access provider or IAP) is a company which primarily offers their customers access to the Internet A. , the publisher of the Portuguese Yellow Pages edition and Vivo, the largest mobile phone network in Brazil. The term Yellow Pages refers to a Telephone directory of Businesses categorized according to the product or service provided Vivo ( Bovespa: VIVO3 / VIVO4;) is the largest Mobile phone service provider in Brazil and

Ownership

Portugal Telecom is a publicly owned company. As of February 26, 2008, major stockholders include[2]:

Additionally, the Portuguese government owns 500 golden shares, which carry special rights over the company's management decisions[3]. Politics of Portugal takes place in a framework of a parliamentary representative democratic Republic, whereby the Prime Minister A Golden Share is a nominal share which is able to outvote all other shares in certain specified circumstances often held by a government organization in a government company undergoing

Notes

  1. ^ PT companies
  2. ^ Portugal Telecom main shareholders and geographical distribution of the shareholder base
  3. ^ Sonaecom lifts Portugal Telecom bid, Financial Times, February 16, 2007

External links


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