The Portuguese Government may be interested in the creation of a Portuguese-Brazilian telecommunications group. This possibility was advanced by the Minister of Public Works, Transport and Telecommunications, Mário Lino, to members of the Portuguese press on the margins of the workshop of the «Buy what is ours» initiative.
Cited by Lusa, the minister says that the creation of such an institution is «a good project» since, in addition to bringing together two countries with «very strong cultural ties», it unites «two economies» with the Brazilian one being an «emerging economy» and with a great future «.
The minister says that «the Portuguese Government is interested in everything that promotes the development of Portuguese companies», guaranteeing that it will give «all the support so that good projects advance».
The Brazilian press has already started speculating about the creation of a possible operator, saying that its constitution «would bring together Brasil Telecom and Oi in Brazil and, quite possibly, Portugal Telecom».
Portugal is already present in the Brazilian telecommunications market through Grupo PT’s 50 percent stake in the mobile communications company Vivo.
Since the end of the Sonae takeover bid process, PT has been evaluating the participation strategy in Brazil. The reassessment of the partnership with Telefónica at Vivo is underway and, more recently, Henrique Granadeiro confirmed the existence of contacts between PT and the Brazilian operator Telemar, a process that has however ceased.
2007-06-05 – PT confirms contacts with Telemar but guarantees that they have already ceased
2007-05-30 – PT may proceed with proposal to purchase Telemar