Zon Optimus To Replace PT Comunicacoes As Universal Service Provider

News: The Portuguese Council of Ministers has approved a legislation to grant the universal public telecoms service contract to newly-established Zon Optimus, with the government expected to sign the contract in the week ending March 1. From June 1, Zon Optimus will replace Portugal Telecom's domestic division PT Comunicacoes, which is the existing universal service provider. PT Comunicacoes, which was scheduled to provide the universal public telecoms service until 2025, will receive a compensation of EUR33.5mn (US$46mn) for ending its contract.

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Related sectors of this article: Telecoms
Geography: Portugal

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