CV Movel applies for 3G licence

7 Feb 2011

Portuguese newspaper Diario Economico reports that Portugal Telecom-backed CV Movel is bidding for a 3G licence in Cape Verde. An official source from Portugal Telecom told the paper that the bid on the tender was submitted on 31 January, but declined to disclose the value of the planned investments in the island nation. Portugal Telecom has a 40% stake in CV Movel. Other bidders taking part in the 3G auction are T+ and Cabo TLC de Sao Vicente. Cape Verde’s telecommunications regulator ANAC will announce the result of the tender in March.


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