France Telecom sees consolidation in Portugal market

Reuters

Consolidation of the Portuguese telecoms market may happen faster than expected if the state-owned bank decides to sell its holdings as part of a countrywide push to raise cash, a France Telecom (Paris, France) executive said on Thursday.

France Telecom has said it plans to leave the Portuguese market, where consumers have been hit hard by an austerity drive, but the company said in October that no talks had taken place because it was difficult to sell in the current environment.

"What I understand is that there are still some assets in which the Portuguese state still has interests, cable on the one side and fixed line," says Deputy Chief Executive Gervais Pellissier.  "And probably in their restructuring plan to improve the financials of the state, the discussion whether the state would sell those stakes would probably be on the table in the next months. And if it is on the table in the next months then it is one way to agitate the market on the potential restructuring, merging and combinations with others."

Asked if a wider shake-up of the market could prompt France Telecom to rethink its options in Portugal, Pellissier said he did not think so.

Portugal's government abolished so-called golden shares held by the state in certain companies such as Portugal Telecom (Lisbon, Portugal) in July.

The state owned bank Caixa Geral Depósitos (Lisbon, Portugal) has stakes in Portugal Telecom and pay-TV operator Zon.

(Reporting by Kate Holton; Editing by Mike Nesbit)

Related Articles

Round-up: Telecom operators report Q3 results

Deutsche Telekom, France Telecom joint venture begins operations

France Telecom appeals against Slovak license fee

ArticleTools

Related Tags

Featured Big Data Reports

Market Opportunity: Big Data in the Internet of Things
Big Data and Analytics software and applications will play a crucial role in making IoT a success. The data generated through sensors embedded in various things/objects will generate massive amounts of unstructured (big) data on real-time basis that holds the promise for intelligence and insights for dramatically improved decision processes.

 

Structured and Unstructured (Big) Data in Telecom Analytics
This report provides the reader with a broad understanding of telecom data (structured and unstructured/big data) and related analytics. The report identifies market drivers and opportunities as well as forecasts for certain key growth areas such as deep packet inspection.

 

Telecom Carrier Big Data Operations, Applications, and Services
Telcos have a major advantage in that they have many sources of data but if they want to monetize that data and derive meaningful, actionable analytics it could be challenging due to the complexities of correlation, prediction, and the massive volumes of data from different sources.

 

Affordable Market Reports on Big Data, IoT, CDN & More!
Access the exclusive new series of market research reports brought to you through the partnership of Mind Commerce research and TelecomEngine.com.
Browse the latest titles

 

 

 

Featured Events & Partners

The Telecom Exchange (TEX)
Wednesday, June 24, 2015

Cipriani Wall Street, New York City

Designed to navigate enterprise and carrier network operators through all carrier hotels and colocation houses available in the US and globally.

Visit event website...