Optimus ups 3G spend, lowers forecasts

8 Jul 2005

Portuguese mobile firm Optimus has lowered its earnings forecasts for 2005 as it prepares to increase its spending on 3G infrastructure. The operator, which is backed by local utility group Sonae and France Télécom, says it expects 3G rollout costs to rise by EUR20 million to EUR25 million this year. This will see EBITDA fall by around EUR30 million to EUR40 million. Meanwhile, service revenues are also expected to drop due to the introduction of lower interconnection charges. Optimus says it is hoping 15% to 20% of its customers will be using 3G services by end-2006.

Elsewhere in Portugal, the country’s dominant telco, Portugal Telecom, has launched voice-over-IP telephone services. VoIP telephony is being made available to the 150,000 customers who have signed up for its SAPO instant messenger service since its introduction four months ago.

Portugal, Optimus (Movel)