 portugaltelecom.pt |
Portugal Telecom | Brazil |
| Annual | Annual | |
| Quarter | Quarter |
Portugal Telecom (PT) is a Telecommunication Operator from Portugal privatized in 1996. In Brazil, PT controls Vivo, market leader.
Portugal Telecom operates in many areas, the main areas are multimedia, fixed and mobile telephony.
Portugal Telecom also has presence in countries as: Morocco, Guiné Bissau, Cape Verde, Mozambique, Timor, Angola, Kenya, China and Sao Tomé and Principe.
In Jan/08 Deutsche Bank acquired, through shareholding partnerships, 2.35% of the outstanding share of Portugal Telecom.
In Mar/08, Portugal Telecom acquired 8.11% of the company's capital in the market estimated in contracts such as banks Barclays, Plc and with Credit Suisse International, reducing its capital.
The main shareholders of Portugal Telecom since Jun/2011 are:
| PT's Shareholders | % |
|---|---|
| Grupo Banco Espirito Santo | 10,07% |
| RS Holding | 10,05% |
| Telemar Norte Leste S.A. | 10,00% |
| Grupo Caixa Geral de Depósitos | 6,35% |
| Norges Bank | 4,96% |
| UBS AG | 4,59% |
| Grupo Visabeira | 2,64% |
| Capital Group international | 2,36% |
| BlackRock Inc. | 2,35% |
| Controlinveste International Finance | 2,28% |
| Morgan Stanley | 2,15% |
| Wellington Management Company | 2,05% |
| Pictet Assset Management | 2,04% |
| Ontario Teachers' Pension Plan Board | 2,01% |
| Bestinver | 2,01% |
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Annual Results
Portugal Telecom Group
Financial Economic Performance (it doesn't include controlled like Oi)
| Million Euros (IFRS 11) | 2012 | 2013 | ∆Year |
|---|---|---|---|
| Operational Revenues | 3,079 | 2,911 | (5.4%) |
| EBITDA | 1,290 | 1,162 | (9.9%) |
| EBITDA Margin | 41.9% | 39.9% | (4.7%) |
| Net Profit | 226 | 331 | 46.6% |
| Capex | 661 | 589 | (10.9%) |
| Net Debt | 4,760 | 4,798 | 0.8% |
Consolidated (Including controlled like Oi)
| Million Euros (IFRS) | 2009 | 2010 | 2011 | 2012 | 2013 | ∆Year |
|---|---|---|---|---|---|---|
| Operational Revenue | 3,733 | 3,742 | 6,147 | 6,599 | 5,988 | (9.3%) |
| EBITDA | 1,557 | 1,492 | 2,188 | 2,269 | 2,122 | (6.5%) |
| EBITDA Margin | 41.7% | 39.9% | 39.9% | 34.4% | 35.4% | 3.1% |
| Net Profit | 685 | 5,672 | 339 | 230 | 331 | 43.7% |
| Capex | 848 | 798 | 1,223 | 1,317 | 1,178 | (10.5%) |
| Net Debt | 4,829 | 2,100 | 6,386 | 7,711 | 7,630 | (1.1%) |
Portugal
| Revenue (Million Euros) | 2010 | 2011 | 2012 | 2013 | ∆Year |
|---|---|---|---|---|---|
| Net revenue | 3,125 | 2,892 | 2,701 | 2,560 | (5.2%) |
| Residential | 647 | 628 | 712 | 721 | 1.3% |
| Personal Mobility | 865 | 768 | 688 | 655 | (4.8%) |
| Companies | 1,080 | 982 | 896 | 791 | (11.7%) |
| Services providers, others and eliminations | 533 | 459 | 405 | 393 | (3.0%) |
| EBITDA | 1,492 | 2,188 | 1,201 | 1,091 | (9.1%) |
| EBITDA Margin | 39.9% | 35.6% | 44.5% | 42.6% | - |
| Net Profit | 5672 | 339 | 226 | 331 | 46.6% |
| Capex | 533 | 459 | 556 | 490 | (11.8%) |
Operational Performance
| Millions Euros |
2009 | 2010 | 2011 | 2012 | 2013 |
|---|---|---|---|---|---|
| Fixed Telephony* | 4,189 | 4,527 | 4,795 | 5,052 | 5,158 |
Mobile Portugal (TMN) |
7,252 | 7,419 | 7,444 | 7,598 | 7,896 |
| Cable TV | - | 830 | 1,042 | 1,223 | 1,315 |
| Broadband** | 862 | 1,001 | 1,105 | 1,225 | 1.294 |
*Without wholesale, includes pre-selection; ** ADSL |
Sonae's offer was rejected
In February 2006, Sonae offered to acquire the control of Portugal Telecom (PT), Sonae declared that would be for sale the participation of Portugal Telecom in Vivo, in case of operation, Telefonica and Telmex have minority participations in Portugal Telecom.
In 01/12/07 Sonae was authorized by Comissão do Mercado de Valores Mobiliarios (CMVM) the acquisition of Portugal Telecom.
The offer of Sonaecom was directed to PT shareholders to appove a change in its estatute that has 10% limit of vote to each shareholder. This proposal was rejected in 03/02/2007 finishing with the offer of Sonaecom.
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