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Portugal Telecom shares suspended as shareholder vote looms

2015-01-09 01:00:00| Total Telecom industry news

Telco fails to provide information that will enable shareholders to make informed decision on Altice deal, regulator says.

Tags: vote portugal shares telecom

Prosecutor investigating suspected fraud at Portugal Telecom SGPS

2015-01-06 15:34:29| Telecom - Topix.net

Portugal's Prosecutor General has carried out searches at Portugal Telecom SGPS on suspicions of fraud related to an investigation into the company's financial investments, the prosecutor said on Tuesday. The prosecutor's office said in a statement that the investigation is taking place together with the CMVM market regulator, judicial police and tax authorities.

Tags: portugal fraud telecom suspected

Dos Santos launches bid for Portugal Telecom SGPS

2014-12-02 00:22:36| Telecom - Topix.net

The bid made by the daughter of Angola's president is intended to thwart the sale by Brazil's Oi Oi acquired the Portuguese telecoms assets through a merger with Portugal Telecom. Through that merger, the Lisbon-listed holding company Portugal Telecom SGPS' only real asset is a stake of about 26 percent in Oi, which dos Santos hopes would be sufficient to block the sale of PT's assets to others.

Tags: dos portugal bid telecom