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France Télécom strengthens position at Sonaecom and realigns strategic partnership

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Sonaecom also announced at the end of last week that France Télécom will strengthen its stake in the telecommunications holding company of the Sonae Group by handing over the shares it held in the share capital of Optimus, Novis and Clix and subscribing to a specific capital increase. The French operator now holds 23.7 percent of the national holding company and realigns the strategic partnership for the fixed and mobile telecommunications area.

The link between the two telecommunications companies dates back to 1998, but is now reinforced by a strategic partnership agreement that is expected to last for three years and should allow Sonaecom to integrate some programs of the France Télécom group and benefit from developments and innovation produced by French company. At the same time, France Télécom will be able to enhance international service platforms.

According to a statement, Sonaecom and France Telecom will develop their cooperation in domestic infrastructures and international traffic that may extend to other domains in the fixed, mobile and Internet areas, as well as in convergent services.

France Télécom held minority interests in the various companies that make up Sonaecom. In Novis and Clix, the participation amounted to 43.33 percent, while in Optimus the shares of France Télécom amounted to 20.18 percent of the share capital of the Sonae Group’s mobile operator. In exchange for the transfer of these shares, France Télécom will now hold 23.7 percent of Sonaecom, becoming the second largest shareholder in holding.

In the mobile area, the greater connection between France Télécom and Sonaecom allowed for a closer partnership between Orange and Optimus, which will allow the national operator to take advantage of the conditions negotiated by Orange with its entire portfolio of terminal suppliers, ensuring more competitive conditions. the level of acquisition cost.

The third Portuguese mobile operator will also integrate the portfolio of multimedia services developed and / or commercialized internationally by Orange and guarantee more advantageous roaming rates for the 24 countries where Orange is present.

Related News:2005-06-08 – Sonaecom delivers complaints in Brussels against Portuguese State and PT monopoly 2005-05-11 – Novis relaunches brand and advances with 16 Mb to the business market