CTT Portugal signs deal with Iberdrola
Iberdrola SA said it is targeting to reach a 15-20 pct share of the Portuguese electricity market in five years after signing a marketing deal with the country’s Grupo CTT Correios de Portugal today.
In a statement, Iberdrola said the chairman of its Portuguese operations Joquim Pina Moura, signed a collaboration agreement with CTT’s Carlos Horta e Costa today in Lisbon to market electricity through the Portuguese communications company’s 3,500 offices in the country.
Iberdrola added that it hopes to see its client numbers increase to over a million in the next five years with the deal.
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