Type
Business expansion
Country
Portugal
Region
Continente;
Location of affected unit(s)
Sector
Information / Communication
Information Communication Services
Telecommunications
61 - Telecommunications

5,000 jobs
Number of planned job creations
Job creation
Announcement Date
16 May 2009
Employment effect (start)
Foreseen end date
31 December 2009

Description

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.


Sources

  • 16 May 2009: Jornal de Notícias

Citation

Eurofound (2009), Portugal Telecom, Business expansion in Portugal, factsheet number 69041, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69041.