Portugal Telecom has announced that its subsidiary in East Timor, Timor Telecom (TT), has reached the 500,000 customer mark on its mobile network. The figure corresponds to around 50% of the country’s population. Since 2002 TT has invested around USD75 million in the modernisation of its network, as well as the launch of new services such as credit transfer and roaming, and the lowering of the cost of services including internet access, mobile voice and text messaging. At present the operator’s wireless network covers 86% of the population and coverage is expected to reach 92% by the end of the year. TT and its Portuguese parent have renewed their targets for 2012, which include achieving 95% mobile coverage, increasing the number of retail outlets by 20%, doubling internet download speeds to 1Mbps, and increasing internet penetration to 18%.