Portugal Telecom Group, Lisbon, Portugal
Posted by: Groundspeak Premium Member SUp3rFM & Cruella
N 38° 43.886 W 009° 08.758
29S E 487312 N 4286984
Quick Description: Portugal Telecom (Euronext: PTC, NYSE: PT) is the biggest telecommunications operator in Portugal. It has also businesses if four continents, with big representations in South America, Africa and also in Asia.
Location: Portugal
Date Posted: 4/9/2007 4:39:44 AM
Waymark Code: WM1D2G
Published By: Groundspeak Regular Member Rayman
Views: 86

Long Description:
This is the main building of this multinational corporation. It operates mainly in Portugal and Brasil. It also has a very important presence in Morocco, Guinea-Bissau, Cape Verde, Mozambique, Timor-Leste, Angola, Kenya, the People's Republic of China, and São Tomé and Príncipe.

Portugal Telecom was the only telephone operator in Portugal, being a monopoly, until 1994, when the government gradually retired its control over the corporation and in 2000 Portugal Telecom became a publicly owned company. Since then, it has held a dominant position in the liberalized Portuguese market.

Due to its large market share, Portugal Telecom is still considered a de-facto monopoly in fixed telephony in Portugal.

In early 2006, Sonae made a takeover offer over Portugal Telecom. In April the European Commission gave an ultimatum to the Portuguese Government ordering it to give up on the 500 golden shares pack that it still owns on the company and that enable special veto powers to the government on vital issues.
Address:
Av. Fontes Pereira de Melo, 40
Lisbon, Lisbon Portugal
1000-300


Stock Ticker Symbol: PT

Stock Market: Nasdaq, Euronext, Euronext-Lisbon

Visit Instructions:
There are no specific visit requirements, however telling about your visit is strongly encouraged. Additional photos of the building to add to the gallery are also nice, but not required. Pictures with a GPS or you in them is highly discouraged.
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