The announcement of the deal between Olhão council and Altice Laboratories took locals by surprise as, far from Altice setting up a research facility in this Algarve municipality, it is sponsoring and facilitating a new incubator for technology-based companies.
Altice and the local mayor, António Pina, signed an agreement today that has taken nine months to prepare and paves the way for a high-profile technology incubator to be set up in what once was a city renowned for its canned fish products.
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