Portugal Telecom SGPS SA Reports Consolidated Earnings Results for the Fourth Quarter of 2011; Provides Capital Expenditure Guidance for the Year 2012
Portugal Telecom SGPS SA reported consolidated earnings results for the fourth quarter of 2011. The company reported that EBITDA increased by 47% in the fourth quarter. CapEx increased 70% to EUR 520 million in the quarter and in Portugal CapEx decreased 3%. operating cash flow increased to EUR 291 million in the fourth quarter.
For the year 2012, the company projecting that CapEx will be EUR 100 million lower.