PT Comunicações

PT Portugal SGPS SA

Type	Subsidiary
Industry	Telecommunications
Founded	1994
Headquarters	Lisbon, Portugal
Key people	Paulo Neves (CEO)
Products	Fixedline & Mobile Telephony Fixedline & Mobile Internet Digital Television IT Services
Revenue	€2.718 billion (2014)
Operating income	€1.053 billion (2014)
Profit	€384.0 million (2014)
Total assets	€7.400 billion (end 2014)
Total equity	€1.650 billion (end 2014)
Number of employees	10,701 (end 2014)
Parent	Atlice
Website	www.telecom.pt

Paulo Neves

PT Portugal SGPS SA (also known as Portugal Telecom or PT) is the largest telecommunications service provider in Portugal. Since June 2, 2015, PT Portugal is a wholly owned subsidiary of Altice Group, a multinational cable and telecommunications company with a presence in France, Israel, Belgium & Luxembourg, Portugal, French West Indies/Indian Ocean Area and Dominican Republic (“Overseas Territories”) and Switzerland. Its assets in Portugal were sold to Altice in 2015 in a move of its owner, Oi SA, to reduce debt. The African assets were mostly sold for the same reason. Portugal Telecom, SGPS SA was split in separate companies: PT Portugal (owned by Altice) and Pharol (formerly PT SGPS), which owns a 27,5% stake in Oi.

The first telephone experiments in Portugal connected Carcavelos to the Central do Cabo in Lisbon, in 1877. In 1882, the Edison Gower-Bell Telephone Company was established in both Lisbon and Porto, to explore the respective telephone service concessions. In 1887, the concession was transferred to APT - The Anglo Portuguese Telephone Company, which was kept by the latter until 1968, the year in which the Public Company "Telefones de Lisboa e Porto" (TLP) was created. The Post Office, Telegraphs and Telephones (CTT) explored until this present day, the telephone service in the rest of the country. For the exploration of radiotelegraphy and wireless telephone, a contract with the Marconi's Wireless Telegraphy Company concession was confirmed in 1922. In 1925, the "Companhia Portuguesa Rádio Marconi" (CPRM) was set up and took on all responsibilities of the previous concession.

In 1970, CTT became a Public Company and in 1989, the TLP was transformed into a Limited Company, and was completely controlled by the State.

In 1992, the Portuguese government and the Public Service Television Corporation RTP agreed to separate the transmitter network from the rest of the corporation, transferring it to a recently created state-owned company named "Teledifusão de Portugal" (TDP). The purpose of this was to explore a nationwide TV broadcasting network available for any TV station in Portugal to request its services. At the time, RTP (a "native" client of TDP) was having competition for the first time since its creation in the 1950s. SIC required the services of TDP, but TVI decided to create its own transmitter Network (RETI).