Portugal Telecom

Portugal Telecom, Sonaecom and Vodafone win in Portugal’s 4G auction

Portugal Telecom, Sonaecom and Vodafone Portugal have each won spectrum in Portugal’s LTE spectrum auction. Portugal Telecom and Sonaecom’s mobile phone units, TMN and Optimus, respectively, both announced that they had placed winning bids in three frequency bands. They each paid a total of €113 million for nine blocks; the minimum price set by the Portuguese telecommunications regulator, CMVM.

Telefonica’s move on Vivo to change Brazilian market

Spanish and Latin American carrier Telefonica’s acquisition of Vivo will have a significant impact on the Brazilian market, most notably giving the company the platform it needs to launch convergent services.

Telefonica cements deal for Vivo Brazil

Spanish carrier Telefónica said Wednesday that it has finally reached an agreement with Portugal Telecom over the acquisition of Brazilian operator Vivo.

EU rules against Portugal’s use of golden share in Brazil deal

Spanish incumbent operator Telefónica is still chasing its Brazilian dream after the European Court of Justice ruled that the Portuguese Government’s use of a so called ‘golden share’ to block Telefónica’s acquisition of Vivo was unlawful.

Telefonica bid for Vivo derailed

Spanish and Latin American carrier Telefónica has seen its designs on Brazil trashed after the Portuguese government blocked the acquisition of Portugal Telecom’s stake in Vivo.

Telefónica sells stake in Portugal Telecom

Spanish incumbent and Latin American carrier Telefónica has sold eight per cent of its ten per cent stake in Portugal Telecom (PT) amid fears it will not be allowed to vote as a PT shareholder on the acceptance of its offer to buy PT out of Brasilcel,which controls Brazilian mobile player Vivo .

Telefonica cannot block Vivo dividends says PT

Portugal Telecom has denied that Telefonica is able to block dividends from the two operators’ Brazilian joint venture Vivo as analysts warn that the Portugese incumbent cannot afford to lose its presence in the high growth Brazilian market.

Slim launches $22bn LatAm shake up

Latin American operator, America Movil, has launched its $21.8bn bid for control of three other regional telecoms firms. It sounds like big money but given that America Movil’s top man is none other than Carlos Slim Helu, the richest man in the world, such moves are to be expected.

Telefonica, Portugal Telecom exit Morocco

Spanish carrier Telefonica and Portugal Telecom said this week that they have jointly sold their controlling holding in Moroccan operator Medi Telecom to the other local partners in the company for €800m in cash.

Portugal Telecom considers pan-African goal

According to reports Portugal Telecom (PT) is considering setting up a pan-African mobile operator based in Angola. Portuguese weekly, Visao, published an interview with PT’s CEO, Thursday, in which he reveals the firm’s thoughts on the emerging region. “The big pan-African operators are centred in South Africa or in the Middle East but we believe […]

Sonaecom gives up on Portugal Telecom

Portuguese operator Sonaecom said Wednesday that it has offloaded all its shares – a total of just over 1 per cent – in larger rival Portugal Telecom. The move comes after shareholders in Portugal Telecom yet again turned down an Eur11.8bn hostile takeover bid from smaller rival Sonaecom last week. Portugal Telecom has fended off […]

Portugal Telecom bid rejected…again

Shareholders in Portugal Telecom yet again turned down an Eur11.8bn hostile takeover bid from smaller rival Sonaecom on Friday. Portugal Telecom has fended off increasingly larger bids from Sonaecom for around a year now, always saying that the offers were too low. The Portuguese incumbent said it would distribute some Eur6.2bn to shareholders over the […]

Telmex buys into Portugal

Mexican carrier Telmex became a major shareholder in Portugal Telecom Friday, acquiring a 3.4 per cent stake in the company. The move throws a spanner in the works of Portuguese conglomerate Sonae’s Eur10.7bn (£7.4bn) hostile bid for Portugal Telecom. The stake was acquired via common stock and it is under stood the Telmex involvement was […]


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