Portugal–Spain border disputed between the two countries for two hundred years. A microstate existed previously on the border called Couto Misto. Districts on the Portuguese side of the border from North to South: Provinces on the Spanish side of the border from North to South: Portugal and Spain signed the Schengen Agreement in June 1991 which came into effect on 26 March 1995, making Portugal and Spain part of the Schengen area and thus the border then became an Open border. Portugal has since reintroduced border checks several times along the border with Spain, during the UEFA Euro 2004 championships, during the
Altice Portugal buy Portugal Telecom. In November 2007, Portugal Telecom spun off its media assets (PT Multimédia), that included TV Cabo and Lusomundo Cinemas. In January 2008, the European Commission began legal proceedings against the Portuguese government over its 'golden share' in incumbent telecoms operator Portugal Telecom. The 500 golden shares with extended voting rights, allowing it to block potential takeover bids, were the reason for the Commission's legal action. Similarly, in November 2005, the Commission had forced the Spanish government to give up its golden share in the other telecommunications' major player in the Iberian Peninsula, the Spanish telecoms giant Telefónica.