Revenues continued to fall in the first quarter of the year at Portugal Telecom, which also made a loss, as it prepares to merge with Brazil’s Oi.

PT's operating revenues fell 3.9 percent year-on-year to €690 million as decline across all its business units reflected the current difficult economic climate.

The company reported that customer numbers increased in its home market, but revenues continued to fall in the personal, enterprise, residential and wholesale segments.

"Revenue performance from the Portuguese telecommunications businesses continued to be impacted by pricing and competitive dynamics, and by the macroeconomic environment, reflected in the revenue decline across all segments," PT said.

As a result, the operator made a loss of €14.7 million between January and March.

Capex was down over 14 percent to €103 million as previous large investments in FTTH, 4G LTE and a state-of-the-art data centre slowed. PT said it hopes to keep capex low over the coming years.

Meanwhile, Brazil-based Oi saw revenues fall 2.3 percent to €2.3 billion, partly due to a derease in traffic from its enterprise customers.

[Read more: Portugal Telecom confirms merger with Brazil's Oi]

The Oi-PT merger, first announced last October, is scheduled to close in the first half of this year.

Read more

Portugal-based IoT MVNO aims to disrupt M2M market with value connectivity offer

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms