Portugal's Sonaecom To Invest EUR500 Million In Network Through 2013
25 Janeiro 2010 - 11:06PM
Dow Jones News
Portuguese telecommunications company Sonaecom SGPS S/A (SCN.LB)
said late Monday it's planning to invest close to EUR500 million in
its own network through the end of 2013.
The company's filing to the Portuguese stock market regulator
comes in response to recent news reports suggesting that a possible
46% cut in mobile-call termination fees, planned by the country's
telecom regulator, Anacom, could have an adverse impact on
companies' network investments.
Sonaecom, a unit of conglomerate Sonae SGPS SA (SON.LB), is a
competitor of Portugal Telecom SGPS SA (PT) and ZON Multimedia SGPS
SA (ZON.LB).
Regulator Web site: www.cmvm.pt
-Enza Tedesco, Dow Jones Newswires,
enza.tedesco@dowjones.com
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