7/9/2008

AR Telecom to invest in Greece as a base of investing Turkey

Bloomberg - AR Telecom SA, a telecommunications company controlled by Portuguese investor Joao Pereira Coutinho, plans to shift its investment focus abroad, investing about 340 million Euros ($535 million) outside Portugal this year, mostly in Brazil and Greece, Diario Economico reported, citing AR Telecom Chairman Miguel Martins. AR also wants to use Greece as a base for investing in Turkey, the Portuguese newspaper said. The company will invest 20 million Euros in Portugal. In the domestic market the company will focus on the biggest cities, the newspaper said.