Portugal Telecom purchase boosts Brazil prospects

Portugal Telecom’s plans to grow its presence in Brazil have been boosted by its acquisition of local IS/IT provider GPTI.
The carrier has taken a 100% equity stake in GPTI, paid for by a share issue at its Dedic subsidiary. GPTI investors will hold a 12.5% stake in Dedic, once regulatory approval of the deal is received, though the figure could hit 20% if performance targets for 2010 and 2011 are met.
GPTI was established nearly 20 years ago, and generated the bulk (75%) of its R$140 million (€54.8 million) 2009 revenues from recurring contracts.
PT plans to use GPTI to create an integrated IS/IT and business process outsourcing (BPO) company, while strengthening existing relationships in Brazil.

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.