Cored moves forward with fiber project in an investment of 600 million euros

Cored moves forward with fiber project in an investment of 600 million euros

Cored moves forward with fiber project in an investment of 600 million euros

Cored was practically unknown in the Portuguese telecommunications market when it signed the protocol with the Government for the development of New Generation networks, but it has already committed itself to an investment of 600 million euros in the next six years, advances the Jornal de Negócios today.

The company’s project was designed for 10 years, but the objective is to invest one third of the investment this year. The company wants to connect 1.5 million customers, but will not enter the Triple Play War, limiting itself to the Internet service it is already offering in the Alfragide area.

For now the company’s website defines the offer: Internet at 150 Mbps for 42.5 euros per month, 100 Mbps for 28.8 euros and 50 Mbps for 14.5 euros per month, lower than those of Zon, PT and Clix, but do not include a telephone or television. An additional advantage is the fact that customer loyalty is not mandatory.

The article published in the Jornal de Negócios reveals more information about the company that was created with an initial share capital of 50 thousand euros and that in addition to individual partners counts on the involvement of ViaQuanta, an R&D company from Bragam and with the investment of Trianon, an American investment company.