SETÚBAL: TELECOMMUNICATIONS - Futebol Clube do Porto announced today in a communication that Porto Canal will leave the NOS grid from midnight this Wednesday and will begin the precautionary reference with MEO, justifying that it was not possible to renew the contract that had ended with the operator on December 31, 2014.
Despite being contractually foreseen, the company did not count on NOS SGPS, the complaint agreed that in January 2015 that NOS would enter into an agreement with Porto Canal, but the decision was required on January 21, 2015. In a statement, Porto Canal and NOS SGPS began negotiations with a view to reaching an agreement that would allow the signing of a new distribution contract for the channel, but this goal was not achieved. The revelation of the operator MEO will allow Porto Canal to our NOS customers to accept financial proposals to control the grid that had already been licensed since December 2015 in envy.
In this statement, F.C. Porto I want to invest the broadcasting rights in 12 seasons to bring in our next season of 2018/2019 in these sports broadcasts, precisely like Benfica and Sporting, as will be the case in this proposal. The PT Portugal/MEO brand reached an agreement with NOS SGPS, which has proven fruitless to date. In this sense, Porto Canal departure from operator NOS SGPS will no longer display midnight, said in a company statement. The Portuguese telecommunications operator will not react, there is no alternative other than to suspend the provision of the signal to NOS without prejudice to an understanding being reached between both parties.
Shares of Portuguese cable television revenue from operator NOS SGPS were worth paying more than 31 million euros.