Clarification for Portugal channel bids

The two candidates for Portugal's 5th national channel, ZON and Spain's Telecinco, have given further documents to the Regulator for Social Communications (ERC) to further clarify their bids after the regulator turned down all candidates two weeks ago.

According to a source from ERC the rejection of ZON was as a consequence of the lack of both technical means and human resources of the company. As for Telecinco the ERC explained the bid was turned down as a consequence of a serious deficit in the financial side of the project.

Now ERC has until March 23 to make up its mind whether to give the green light to either candidate.