Portuguese telcos plan to invest $4.9 billion in 5G, satellites over 5 years


NOS SGPS SA logo is seen in this illustration taken May 1, 2022. REUTERS/Dado Ruvic/Illustration

LISBON (Reuters) -Portuguese telecoms operators plan to spend 4.2 billion euros ($4.9 billion) on high-speed 5G networks and satellites over the next five years to support major projects such as data centres and AI, the Infrastructure Ministry said on Wednesday.

Operators will also expand the fibre optic network to cover areas still lacking mobile or internet network coverage, as well as road, rail, port and airport infrastructure, the ministry said in a statement.

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