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Lusa - Business News - Portugal: 5G regulation 'hostile' - Altice




Lisbon, Oct.16,2020(Lusa)- Altice Portugal has said that there was a "hostile and adverse regulatory environment", and that "measures have to be considered" that may involve disinvestment or "rationalization of involvement in projects that consume large amounts of capital.

On Thursday, the Vofadone group said it was considering the auction of 5G spectrum in Portugal, considering that the rules proposed by the National Communications Authority (Anacom) are "illegal and discriminatory, which could involve "bidding for less spectrum" or even "not bidding.

Rival company NOS considered that the 5G auction rules "are absolutely illegal, unacceptable and disastrous" for the sector and the country.

"It is therefore natural, as Altice has said several times before, that in view of this highly unfavourable environment for investment, measures have to be considered, which may involve disinvestment in the country or even the rationalisation of involvement in large capital-consuming projects, with doubtful returns in view of the rules imposed," Altice said.

"The huge investment that we have been making in telecommunications in Portugal, which puts us in a top position in the sector at an international level, must contain an economic rationale that allows the viability of the return on that investment, supporting the generation of value, the maintenance of tens of thousands of jobs in this industry in our country and the growth of this sector today more than ever indispensable for economic development and growth," the same source said.

However, "since all national operators are private companies, it is natural that their shareholders should legitimately seek to make a profit from the hundreds of millions of euros they inject into our economy every year, seeking a stable, predictable environment that stimulates investment", he continued.

Today, "the situation in Portugal is, unfortunately, the opposite. We live in a hostile and adverse regulatory environment, which not only does not stimulate investment but also holds back any investor from betting on our country in the telecommunications sector, a sector where everyone from the government to independent associations, including major international consultancies and technology manufacturers, all are unanimous in criticising Anacom's management of the 5G dossier," he concluded.

The 5G auction process was suspended in March due to the pandemic, and the final regulation is now pending approval and publication by Anacom later this month.

ALU/ADB // ADB.

Lusa


Agency : LUSA

Date : 2020-10-17 09:44:00







 

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