EMCC European Monitoring Centre on Change

Portugal Telecom

Portugal Telecom

Geographic Location

Country: Portugal
Region: Continente


Sector: Information / communication
61 - Telecommunications

Employment Effects

Announcement Date: 16-05-2009
Type of Restructuring: Business expansion
Foreseen End Date: 31-12-2009
Planned Job Creation: 5000

Additional Information

Portugal Telecom has recently signed an agreement with the Portuguese government and other telecommunications providers to develop a fiber optic network. The objective is to enable access to next-generation services for up to 1.5 million. The project will involve an investment of €715 million and create 5000 new jobs, mostly indirect jobs.