Portugal’s Visabeira invests 3.1 million in telecommunications sector in East Timor

7 September 2009

Porto, Portugal, 7 Sept – Visabeira Global plans to move ahead with an operation in East Timor in partnership with Nokia Siemens Networks, in an investment of US$3.1 million to include construction of telecommunications infrastructures, the chairman of the company’s board announced.

“We are going to launch an operation in Timor with a concession contract for 18 mobile telecommunicatiosn base stations with wireless transmission,” Paulo Varela, the chairman of Visabeira Global told Portuguese news agency Lusa.

Varela explained that the partnership was “the first stage of a number of works that could reach 4 million euros,” with the later possibility of providing equipment for expansion of the GSM network for operator Timor Telecom.

The project, worth an estimated US$3.1 million, is part of the expansion of Timor Telecom’s GSM network, in various regions of Timor, namely Dili, Lauten, Viqueque, Manatutu and Manufahi.

Visabeira Global is entering the deal via its subsidiary Viatel, which is the leading Portuguese company in the telecommunications network engineering sector and installer of New Gweneration Networks.

Visabeira Global does business in Mozambique, Angola, France, Belgium and the Caribbean.

In 2008, foreign markets accounted for over 25 percent of the company’s turnover of 284.8 million euros. (macauhub)