Portugal Telecom’s net profit rises 18.7% in 2009

www.WirelessFederation.com/news: A net profit of EUR683.9 million (USD934.3 million) for the year ended December 31, 2009 has been posted by Portugal Telecom. The figure is up 18.7% year-on-year from EUR576.1 million in 2008.

In the year 2008, earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 0.9% from EUR2.48 billion in FY08 to EUR2.5 billion at end-2009. As a result of this rise, the revenue also grew from EUR6.72 billion in 2008 to EUR6.78 billion a year later.

The domestic fixed line customer base of the operator also saw an increase from 4.29 million at year-end 2008 to 4.58 million a year later. Even the ADSL subscribership topped 862,000 at the same date, up from 710,000 in 2008.

However, a continued decline in PSTN connections over the year has been reported by the company, down to 2.75 million from 2.84 million in 2008.

319,000 net new customers over the twelve-month period have been added by the company’s wireless arm Telecomunicacoes Moveis Nacionais (TMN). TMN ended 2009 with 7.25 million mobile subscribers in total.