History of Portugal the Moors in 1249, and in 1255 the capital shifted to Lisbon. Neighboring Spain would not complete its "Reconquista" until 1492, almost 250 years later. Portugal's land boundaries have been notably stable for the rest of the country's history. The border with Spain has remained almost unchanged since the 13th century. The Treaty of Windsor (1386) created an alliance between Portugal and England that remains in effect to this day. Since early times, fishing and overseas commerce have been the main economic activities. During the 15th and 16th centuries, Portugal became a leading European power that ranked with England, France
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.