LISBON Dec 14 Portugal's Sonaecom and
the largest shareholder in pay TV and telecommunications firm
Zon Multimedia said on Friday they plan to merge Zon
and Sonaecom's mobile phone unit Optimus.
Market experts have long argued that four telecom operators
in a mature market and recession-hit economy like Portugal are
at least one too many and predicted the Zon-Sonaecom merger
especially after Angolan investor Isabel dos Santos increased
her stake in Zon to almost 30 percent in June.
The two parties said in a statement they "reached a deal to
promote jointly with the boards of Zon Multimedia and of Optimus
a merger operation by incorporating Optimus into Zon."
(Reporting By Andrei Khalip)