Aiming to provide optical-fibre coverage to one million households this year, Portugal Telecom increased its guidance for domestic capital spending by 10% to 650 million euros in 2009. The equivalent figure for 2008 was 647 million euros.
Boosted by rising wireline revenues and Vivo's improving performance in Brazil, Portugal Telecom reported a 2% year-on-year increase in revenues to 1.6 billion euros for the first quarter of 2009. In the quarter, Portugal Telecom increased capital spending by 57% year-on-year to 224 million euros. source: Portugal Telecom statement