Buyouts boost Sonaecom
By TeleGeography on May 13th, 2008 Via: TeleGeography CommsUpdate
Portuguese alternative telco Sonaecom has narrowed its net loss in the first three months of the year to EUR5.5 million (USD8.5 million), from EUR6.0 million in the year-ago period. Revenues were up 19.5% year-on-year at EUR237.7 million, helped by last year’s acquisition of rival operators Tele2 Portugal and Oni. Pro forma sales growth was around 6%. Revenues from mobile division Optimus rose 6.2% to EUR151.6 million, while the wireline business saw sales jump 39.2% to EUR75.2 million, again due to the acquisitions. Optimus claimed 2.29 million active customers at the end of March, up from 2.12 million a year before.
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