SON Sonae SGPS SA

Portuguese telecommunications company Sonaecom SGPS S/A (SCN.LB) said late Monday it's planning to invest close to EUR500 million in its own network through the end of 2013.

The company's filing to the Portuguese stock market regulator comes in response to recent news reports suggesting that a possible 46% cut in mobile-call termination fees, planned by the country's telecom regulator, Anacom, could have an adverse impact on companies' network investments.

Sonaecom, a unit of conglomerate Sonae SGPS SA (SON.LB), is a competitor of Portugal Telecom SGPS SA (PT) and ZON Multimedia SGPS SA (ZON.LB).

Regulator Web site: www.cmvm.pt

-Enza Tedesco, Dow Jones Newswires, enza.tedesco@dowjones.com