
In 2009, Portugal Telecom's consolidated operating revenues amounted to Euro 6,785 million, up by 0.9% y.o.y, while EBITDA reached Euro 2,502 million, up also by 0.9% y.o.y. EBITDA margin stood at 36.9% in 2009. Adjusting for the effects of the consolidation of Telemig, lower mobile termination rates (MTRs) and using constant exchangerate, consolidated operating revenues and EBITDA would have grown by 2.3% and 2.0% y.o.y respectively.The company...