Portuguese PM: Portugal Telecom Is A Strategic Asset
May 17 2010 - 10:36AM
Dow Jones News
Portugal Telecom SGPS SA (PT) is a strategic asset for Portugal,
the country's prime minister, Jose Socrates, said Monday.
Socrates added that he wants a "big" Portugal Telecom and that
Brazil is a strategic market for Portugal.
Last week, Telefonica SA (TEF) made a EUR5.7 billion offer for
Portugal Telecom's stake in Vivo Participacoes SA (VIV), a
Brazilian joint venture that both companies control. PT rejected
the offer and has said Vivo is strategic for the company.
The Portuguese government has a golden share in Portugal
Telecom.
Company website: www.telefonica.com
-By Jonathan House and Jason Sinclair, Dow Jones Newswires; 34
913958121; jonathan.house@dowjones.com
Telefonica Brasil (NYSE:VIV)
Historical Stock Chart
From Apr 2024 to May 2024
Telefonica Brasil (NYSE:VIV)
Historical Stock Chart
From May 2023 to May 2024