June 28, 2006 | MacauHub | Lisbon, Portugal – Portugal Telecom is dissatisfied with the results of its subsidiary TV Cabo Macau, which it considers is “of inadequate size or badly managed,” and is among the worst performing of the Company’s businesses in China.

In an interview with Portuguese newspaper Diário de Notícias published Monday, Henrique Granadeiro, Portugal Telecom’s chairman, said that the operation was being analysed and that soon solutions would be announced to resolve the situation without selling the 87 percent stake in the company.

The cable operation, “is not going so well. It is either of inadequate size or if badly managed,” Granadeiro said.
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