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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

Category:Telecommunications

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