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Portugal Telecom, SGPS, S.A. and Oi S.A. announce they have executed...
2013-10-02 14:28:04| Telecom - Topix.net
In compliance with the provisions of art. 157, Section 4 of Law No. 6,404/76 and in accordance with CVM Instruction No.
Tags: they
portugal
telecom
executed
Portugal Telecom, Oi agree merger
2013-10-02 09:52:00| Telecompaper Headlines
(Telecompaper) Portugal Telecom and Brazilian operator Oi have signed a memorandum of understanding on a potential merger of the two operators. The new company would combine the activities of Oi in Brazil and Portugal Telecom in Portugal and Africa, consolidating the industrial alliance agreed by the operators in 2010. The companies expect operational and financial synergies of approximately BRL 5.5 billion from the merger. The new company CorpCo would be listed both on the Bovespa exchange in Brazil and Euronext in Lisbon, helping to increase liquidity and diversify the shareholder base. No single shareholder or group of shareholders would have a controlling stake. Zeinal Bava, CEO of Portugal Telecom from 2008 to 2013 and current CEO of PT Portugal and of Oi, will be CEO of the new company. On a prof forma basis, the merged group had pro forma revenues of BRL 37.5 billion in 2012, EBITDA of BRL 12.8 billion and operating cash flow of BRL 4.2 billion and served over 100 million customers.
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portugal
telecom
merger
Portugal Telecom, Brazil's Oi to merge
2013-10-02 02:00:00| Total Telecom industry news
Merged company will be based in Brazil under Zeinal Bava's leadership.
Tags: portugal
telecom
merge
portugal telecom
Telecom Italia likely to discuss reorganization Thursday
2013-10-02 02:00:00| Total Telecom industry news
COO Marco Patuano expected to propose spin-off some of Telecom Italia's activities, outsourcing of others.
Tags: thursday
italia
discuss
telecom
Talk of leadership change at Telecom Italia intensifies
2013-10-01 02:00:00| Total Telecom industry news
Rumours swirl over resignation of Franco Bernabe and the names in the frame to succeed him.
Tags: change
talk
italia
leadership
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