Sonaecom updates investment plans

27 Jan 2010

In a filing to regulator Autoridade Nacional de Comunicacoes (ANACOM), fixed line and broadband operator Sonaecom has revealed plans to invest up to EUR500 million (USD702.25 million) in its networks by year-end 2013. The funds are expected to be spent on further development of the company’s fibre-based next generation network (NGN), while also continuing the development of wireless arm Optimus’ data offerings. As reported by CommsUpdate on 2 July 2009, Optimus launched HSPA+ technology across its networks in Lisbon and Porto, with a view to expanding the network progressively.

Portugal, Optimus (Clix), Optimus (Movel)