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Portugal Telecom meeting postponed, shares resume trading

2015-01-13 01:00:00| Total Telecom industry news

Shareholders will meet to vote on Altice deal on 22 January; Oi says regulator has enough information on proposed transaction to ensure informed vote.

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Portugal Telecom shareholders postpone decision on asset sale

2015-01-12 20:25:14| Telecom - Topix.net

It said a scrapping of the merger should be studied "because there are sufficient signs of breaches by Oi to advance with a claim for a breach of the contract". "STPT is of the understanding that a new general assembly should be called when the annulment of the merger and a retroactive dissolution of the contract between PT and Oi should be discussed," the union said in a statement.

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Regulator Suspends Trading in Portugal Telecom's Shares

2015-01-10 13:42:23| IT Services - Topix.net

Portugal's stock market regulator on Friday suspended trading in shares of Portugal Telecom SGPS SA until the firm discloses "relevant information" about the sale of an operating unit to France's Altice SA . The regulator, CMVM, said it had asked Portugal Telecom several times since Dec. 22 to provide more details about a Jan. 12 shareholder meeting to approve the sale but hadn't received a response.

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