TELECEL: FIRST QUARTER PROFITS UP 50%.

The private Portuguese mobile telephony operator Telecel announced a 50.2% increase in first quarter profits on April 20, to 4.5 billion Escudos (USD24.2 million). Telecel, which shares the Portuguese market with the public operator TMN, fully controlled by Portugal Telecom, had 843,088 subscribers at the end of March, a 133.5% improvement on the first quarter of 1997. A third operator, OPTIMUS, a consortium controlled by...