Lisbon, Portugal, 03 July – Portugal Telecom (PT) and Spain’s Telefonica are to change the technological platform of Brazilian mobile phone operator Vivo to GSM, and the new technology will be launched this year, PT chairman Henrique Granadeiro, said in Lisbon Friday.
The investment in Vivo’s change of technology will be made over three years and PT and Telefonica, which own Vivo 50-50, plan to change the two platforms – GSM and CDMA – to third-generation technology.
Granadeiro declined to give a figure for the investment although Telefonica representatives had already estimated ot would cost 1.5 billion euros.
This year alone PT plans to spend between 800 million and 900 million euros, 600 million of which in Portugal.
Granadeiro, speaking at a presentation of a new product for PT’s national mobile operator TMN, said that over the last ten years the company had invested 10.1 billion euros on innovation. (macauhub)