Technology Industry
Industry: Email Alert RSS FeedPORTUGAL TELECOM'S NET FIRST QUARTER PROFITS FALL 6.3%.(Company Financial Information)(Brief Article)
Tech Europe, May, 2001
The Portugal Telecom group (PT) announced on April 30 that its net profits fell 6.3% in the first quarter of 2001 to Euro 132.7 million compared with the same period in 2000. In the first three months of this year, Portugal Telecom's turnover rose 33.3% to Euro 1.184 billion, the company explained in a press release.
The company added in the press release that mobile telephony, data transfer and multimedia in Portugal and Brazil account for around 50% of PT's revenues. The PT group controls the Brazilian mobile phone operators Telesp Celular and the Zip.net portal in Brazil. Through its subsidiary PT Prime, the group also acquired the telecommunications networks of the Brazilian banks Bradesco and Unibanco. The press release outlines that in the first quarter of...
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