ZON Multimédia
From Wikipedia, the free encyclopedia
| ZON Multimédia | |
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| Type | Sociedade Anónima (equivalent to Incorporated) |
| Founded | 1994 |
| Headquarters |  Oeiras, Portugal |
| Industry | Telecommunications Cable Television |
| Products | TV Cabo (Cable Television) Net Cabo (Internet) VOIP telephony |
| Revenue | ▲ Euro ?? billion (2006) |
| Net income | ▲ Euro ?? billion (2006) |
| Employees | ??? (2006) |
ZON Multimédia is a Portuguese media holding company, whose main assets include a satellite, cable operator and ISP (TV Cabo) and a movie distributor (Lusomundo). Its services include cable television, cable internet and VOIP. ZON Multimédia (formerly PT Multimédia) is the spun-off media arm of Portugal Telecom. ZON Multimédia produces several premium channels for the TV Cabo platform, which include Sport TV, TVCine, MOV and a shareholding on SIC Notícias.
TV Cabo was founded in 1994, and was the second cable operator to be founded in Portugal (the first was the regional Bragatel, which was acquired by TV Cabo in 2007). TV Cabo is the sole cable provider in many areas of the country, which leads to its monopolistic position. TV Cabo also has the exclusivity rights to more than 90% of the channels available in Portugal, such as the ones produced by Viacom, News Corporation, Discovery Channel, Sociedade Independente de Comunicação and TV Globo.
On January 17, 2008, TV Cabo announced it will acquire TVTEL, its main competitor in both cable and satellite broadcasting. Thus, TV Cabo is strengthening its monopoly, but still it is one operator ahead (Cogeco) of being the sole television provider in Portugal.
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