| BRASILIA, July 14
BRASILIA, July 14 Shareholders of Grupo Oi SA
are likely to revisit terms of a merger with Portugal
Telecom SPGS SA if the latter's debt investments with
troubled Banco Espírito Santo SA end up in default,
Brazilian Communications Minister Paulo Bernardo said on Monday.
Shareholders of the Brazilian telecommunications company,
which include state development bank BNDES, could also seek to
revisit the stakes that partners would have in the combined
company in the event of a default, Bernardo said.
Despite the situation, Bernardo does not believe a planned
merger of Oi and Portugal Telecom is at risk.
(Writing by Guillermo Parra-Bernal; Editing by Chris Reese)