Rivalry: pricing, profitability, offer innovation and degree of diversification in the resources used

ICP-ANACOM has analyzed the evolution of prices since 2006, naturally considered in the light of the impact of regulatory decisions in this context, concluding that there is no evidence that Grupo PT sets, or has set in the past, its prices in response to price changes effected by its wholesale competitors, either following the entry of a competitor into the marker or following the introduction of innovative or diversified offers (not taking into account Ethernet-supported offers, which are make up the same product market and, as mentioned above, have competitive pricing compared to the price of traditional leased lines).

ICP-ANACOM will be attentive to the development and impact of any deal based on SHDSL technologies (particularly for the provision of terminating segments using unbundled local loops) and Ethernet. In any case, ICP-ANACOM does not identify, at this time, any special advantages had by Grupo PT of a technological nature, given the high level of technological maturity used in support of the wholesale offer, nor in terms of relationships with key equipment and/or infrastructure suppliers in the wholesale markets under analysis.