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Sonaecom and Vodafone sign cooperation agreement on NGN

Lisbon, 21 December 2009 – Sonaecom and Vodafone Portugal today signed an Agreement regarding the sharing, construction, management, maintenance and operation of a next generation fibre optic network (NGN) in the main urban centres.

The Agreement will be implemented via a new company owned equally by Sonaecom and Vodafone Portugal and foresees the possibility of the NGN being available to other interested operators.

The signature of this Agreement, in one of the most competitive sectors of the Portuguese economy and in an area as important as Next Generation Networks, is especially significant. Maintaining the competition between the two companies and their commercial independence of action, the Agreement improves the economic rationale for investment in NGNs, with clear benefits to Customers, to the development of the Information and Knowledge Society and to the Country.