Thursday, January 21, 2016

Vodafone: expand service to an autonomous region is more expensive to get to Miami – Jornal de Negócios – Portugal

Access to submarine cables that make the links between the mainland and the Azores and Madeira, which are under the purview of PT for years representing a battlefront between operators in Portugal. At issue are the prices charged by the owner of Meo.

Although last year the sector regulator, Anacom, have forced the owner of the Meo to reduce the rental price by 50%, the Executive Chairman Vodafone, Mário Vaz, who still considers the measure “falls short”. He explains why:. Vodafone is not present in the autonomous regions “because there are costs that are not bearable”

And even with the decision that was taken in the summer, by the regulator, considers that further measures are necessary ” and as soon as possible. ” “Any delay adjustment can close the window any investment.” Reaching an autonomous region is more expensive than going with the service to Miami “, he said.

Recently, Vodafone announced it would invest 125 million euros in expanding its fiber optic network to 500,000 homes by the end of 2016.

Asked about the prospects for 2016, Mário Vaz confesses to be optimistic about the concrete operations of Vodafone but also the sector general.

In recent years, the sector has seen revenues shrink. Over the last five years the sector lost 1.2 billion euros. “It’s the value of television rights to recent acquisitions,” he said jokingly, referring to the recent purchases of Meo and Nos.

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