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LISBON: Portuguese telecoms firm NOS<\/a> will cut investments to a minimum and carry out a cost-cutting restructuring in 2021 if the rules of a 5G<\/a> frequency license auction the provider deems 'unfair' are not reversed, its CFO said on Thursday.
Portugal's regulator ANACOM has reserved a spectrum in the 900 MHz and 1,800 Mhz bands for new entrants - framed as a push to encourage competition and improve services.
Under the rules, long-time market players Altice, Vodafone<\/a> and NOS will have to share their infrastructure and offer national roaming to the new entrants' customers.
NOS has invested 2.5 billion euros ($2.96 billion) in the last six years, averaging around 400 million euros a year, but CFO Jose Pereira da Costa told Reuters that if the regulator's rules prevail it was \"inevitable\" the company would cut capex in 2021.
\"This regulation makes any investment, that goes beyond the minimum stipulated by law, absolutely irrational,\" da Costa said in an emailed response to questions from Reuters.
\"No economic agent invests for the benefit of third parties, particularly when they are its direct competitors and already benefit from outrageously discriminatory advantages,\" da Costa said.
Portugal's telecoms regulator said in early November it would start its auctions of 5G frequency licences this month, even as major players warned they would go to court to challenge rules they said unfairly favoured new entrants.
Established operators will have to commit to setting up 5G services covering 75% of the population by 2023 and 95% by 2025, well above a requirement of just 25% and 50% respectively for new entrants.
Investment into R&D will also be significantly reduced if the rules go ahead, da Costa said. In 2019, the company invested 67 million euros and allocated 193 employees to the area.
\"These are investments with a longer-term return, so they will be the first to be eliminated\", he said, adding NOS will also start a restructuring that \"will lead to transversal cuts and reductions, to be implemented already in 2021\".
Last week, NOS filed a precautionary injunction in a Lisbon court against the rules imposed by ANACOM. It has also sent a complaint to the European Commission.
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葡萄牙的NOS削减资本支出最低如果5 g拍卖规则盛行,首席财务官说
葡萄牙电信公司号将削减投资降到最低,开展2021年削减成本,重组如果5 g频率许可证拍卖规则的提供者认为“不公平”不逆转,其首席财务官周四表示。
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里斯本,葡萄牙电信公司号将削减投资降到最低,开展2021年削减成本,重组的规则吗5克频率许可证拍卖提供者认为‘不公平’不逆转,其首席财务官周四表示。
葡萄牙的调节器模拟计算机保留了900 MHz和1800 MHz频段的频谱为新进入者——陷害推动鼓励竞争和改善服务。
根据规则,长期市场参与者Altice沃达丰(Vodafone)号将会分享他们的基础设施和新进入者的客户提供全国漫游。
号投资25亿欧元(29.6亿美元)在过去的六年,每年平均约4亿欧元,但财务总监Jose Pereira da Costa对路透表示,如果监管机构的规则盛行是“不可避免的”,该公司将在2021年削减资本支出。
“本条例让任何投资,超越法律规定的最低,绝对不合理,”da Costa在电子邮件答复路透表示。
“没有经济代理投资的第三方的利益,尤其是当他们是直接竞争对手,已经受益于残暴地歧视性的优势,”da Costa说。
葡萄牙电信监管部门在11月初表示,将开始本月5 g频率牌照的拍卖,尽管主要参与者警告他们说他们会去法院挑战规则不公平地青睐的新进入者。
建立运营商必须致力于建立5 g服务覆盖75%的人口到2023年和2025年的95%,远高于分别只有25%和50%的要求新进入者。
投资研发也将大大降低,如果规则去吧,da Costa说。2019年,公司投资6700万欧元和193名员工分配给该地区。
“这些都是长期的投资,所以他们将会是第一个被淘汰”,他补充说,号也将开始重组”会导致横向削减和降低,要实现已经在2021年”。
上周,NOS里斯本法院提起预防性禁令违反规定的由模拟计算机。它还向欧盟委员会投诉。
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