Extension of deadline for Onitelecom to make payment of the final price due in respect of the BWA auction

By determination of 10 May 2010 and subsequent to the application presented by Onitelecom - Infocomunicações, S.A. (Onitelecom), ANACOM decided to extend the deadline, until 30 June 2010, for this company to make deposit of the final price payable as a result of the BWA auction. This final price payable is alluded to in article 31, paragraph 1 of Regulation No. 427/2009 of 29 October, as rectified by Declaration No. 2930/2009 of 27 November, which approves the Regulation of the auction held for the allocation of rights of use of frequencies for broadband wireless access (BWA).

It was further decided that this deadline shall be non-extendable, whereby, in the event that the required deposit is not made by the stipulated deadline of 30 June 2010, the bond which Onitelecom provided by bank guarantee shall be executed.