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10 The Portugal News • 7 Dec 2019                                  News



      China invests €2.5B in Golden Visas                                                               Anacom President


      Chinese investment raised, through ‘gold’ visas, €2.529 billion during the seven                  denies delays for 5G
      years of the Golden Visa programme.                                                               Network

                                                                               invested in Portugal
                                                                               through this instrument,
                                                                                                        The President of the National
                                                                                                        The President of the National
                                                                                                        The President of the National
                                                                                                        The President of the National
                                                                               with €194.6 million      The President of the National
                                                                                                        Communications Authority (Anacom) has said
                                                                                                        Communications Authority (Anacom) has said
                                                                                                        Communications Authority (Anacom) has said
                                                                                                        Communications Authority (Anacom) has said
                                                                               invested, with the       Communications Authority (Anacom) has said
                                                                               concession of 318 ARI.   that operators’ criticism of possible delays in
                                                                                                        that operators’ criticism of possible delays in
                                                                                                        that operators’ criticism of possible delays in
                                                                                                        that operators’ criticism of possible delays in
                                                                                                        that operators’ criticism of possible delays in
                                                                               In October, investment
                                                                                                        the process of implementing the fifth
                                                                                                        the process of implementing the fifth
                                                                                                        the process of implementing the fifth
                                                                                                        the process of implementing the fifth
                                                                               through ‘golden’ visas fell  the process of implementing the fifth
                                                                                                        generation mobile (5G) in Portugal “has no
                                                                                                        generation mobile (5G) in Portugal “has no
                                                                                                        generation mobile (5G) in Portugal “has no
                                                                                                        generation mobile (5G) in Portugal “has no
                                                                               19 percent compared to the  generation mobile (5G) in Portugal “has no
                                                                               same period in 2018, to  basis or foundation”.
                                                                                                        basis or foundation”.
                                                                                                        basis or foundation”.
                                                                                                        basis or foundation”.
                                                                                                        basis or foundation”.
                                                                               €59.9 million.  Compared
                                                                               to September, the          ANACOM’s response comes after the president of
                                                                               investment obtained      Altice said that there are almost irreparable delays” in
                                                                               increased by 23.7 percent.  the implementation of 5G in Portugal, accusing the
                                                                               In the first 10 months of the  regulator of inaction.
                                                                               year, investment totalled  João Cadete de Matos assured that “there is no strict
                                                                               €661 million, 0.8 percent  delay” and that the timetable that is being met is the
                                                                               less than in the same    one that has been approved by the Government and
                                                                               period of 2018.          assumed by several countries.
                                                                               Between January and        “In the case of this statement by Altice’s manager, it is
                                                                               October, Chinese         even less understandable when Altice said a year ago
                                                                               investment totalled €196.1  that there should be a postponement of this change.
                                                                               million, 10.8 percent less  We didn’t want to do that because we wanted Portugal
                                                                               than the same period last  to be at the forefront of the move to 5G,” he said.
                                                                               year, while Brazil’s       In the same vein, also in remarks to journalists, the
      China accounted for more than half (51 percent), out of a total of 4,424 ARI allocated as
      China accounted for more than half (51 percent), out of a total of 4,424 ARI allocated as
      China accounted for more than half (51 percent), out of a total of 4,424 ARI allocated as
      China accounted for more than half (51 percent), out of a total of 4,424 ARI allocated as
      China accounted for more than half (51 percent), out of a total of 4,424 ARI allocated as
      part of the Golden Visa programme. (Photo: EPA/Mario Cruz)
      part of the Golden Visa programme. (Photo: EPA/Mario Cruz)
      part of the Golden Visa programme. (Photo: EPA/Mario Cruz)
      part of the Golden Visa programme. (Photo: EPA/Mario Cruz)
      part of the Golden Visa programme. (Photo: EPA/Mario Cruz)               investment fell 23 percent  Assistant Secretary of State and Communications,
                                                                               to €142.9 million, and   Alberto Souto de Miranda, assured that there are no
              ccording to data  seven years, with the  ‘golden’ visas were     Turkey’s investment fell by  delays in relation to the 5G implementation process in
              from the         acquisition of properties  granted during the   half, in year-on-year terms,  Portugal.
              Foreigners and   amounting to            programme.              to €40.6 million.          “Portugal from a practical point of view is not behind
      ABorders Service         €4,433,605,566.52.      Investment of Turkish   The United States (with  schedule and the European calendar will be
      (SEF), the Residence     Of the total amount raised,  origin amounted to €200  €39.3 million) and Russia  respected,” he said.
      Permits for Investment   investment from China   million (370 ARI) and   (€31.3 million) are the    When asked about the exchange of accusations
      Activities (ARI), first  accounted for more than  Russian to €198.7 million  other two countries that  between Altice and Anacom, the official said it was
      launched in October 2012,  half (51 percent), out of a  (290 ARI). South Africa is  invested the most through  “normal for disputes between operators and
      raised almost €5 billion  total of 4,424 ARI allocated.  part of the group of the five  ‘golden’ visas in 2019.  regulators”, but that the Government “hopes that the
      (€4,911,263,689.42) after  In the case of Brazil, 844  main nationalities that         TPN/Lusa   environment will normalise and tranquillity will prevail.”
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