LISBON, Jan 22 (Reuters) - Brazil's telecom group Oi , Portugal Telecom 's merger partner and a leading shareholder, will not be able to vote in Thursday's shareholder assembly to approve the sale of PT 's former operations to Altice, the chairman of the meeting said.
SAO PAULO, Jan 16 (Reuters) - Brazil telecom Oi SA said on Friday that its merger with Portugal Telecom SGPS is "irreversible," dismissing calls by some PT shareholders to undo the deal now that Oi is trying to sell its Portuguese assets.
effectively has a failed merger with Portugal Telecom ( PT ), and while the merger vote ..... In short, this is because Portugal Telecom had another investment in ..... Portuguese assets is expected, the Portugal Telecom shareholders need to vote
shareholders fail to approve the proposal by its merger partner Oi to sell PT 's former operations, PT Portugal, to Altice that would contribute to the continued uncertainty ..... shareholders' equity of Oi and, indirectly, its shareholder, PT SGPS".
LISBON, Jan 8 (Reuters) - The chairman of Portugal Telecom SGPS's ( PT SGPS) shareholder assembly has proposed to the board to cancel Monday's vote to approve the sale of the company's former assets by merger partner Oi, arguing that the merger deal had become invalid.
LISBON, Dec 15 (Reuters) - Angolan billionaire businesswoman Isabel dos Santos is ready to help capitalise Brazil's Oi if her bid for Portugal Telecom SGPS ( PT SGPS), a key Oi shareholder, is successful and Oi's planned sale of Portuguese assets does not go ahead.
Portugal Telecom announced that it received overwhelming ..... meeting Monday. With this approval, PT will reacquire Rioforte Investments ..... Mobiliarios. Once that is received, PT shareholders will receive shares in the combined company. PT will continue to trade, but its only
On Monday, Vodafone and Portugal Telecom announced an agreement to share a fibre ..... to the home built out, which will take PT 's coverage to about 2.1 million homes ..... telephony, broadband, and television. PT 's MEO4 plan has been one of the most ..... Vodafone's shares are undervalued, and that PT 's are fairly valued.
Portugal Telecom ( PT ) announced on Wednesday that Rioforte ..... its commercial paper owned by PT . PT further stated the Rioforte paper was ..... putting our fair value estimates for both Portugal Telecom 's and Oi's shares under review ..... the exact amount of that reduction. PT and Oi reaffirmed their commitment
the European [ and global ] financials sold off. [ But the above indicates why it was only a 1-day jitter ] So, why Portugal Telecom [PTC.po/ PT ] sold off by -20% ? First, it holds a big chunk of commercial paper of the “ holding company ”; second, there is some