Key Developments: Portugal Telecom SGPS SA (PT)
4.61USD
17 May 2013
$-0.01 (-0.22%)
$4.62
$4.61
$4.61
$4.57
379,868
328,982
$5.91
$3.73
Latest Key Developments (Source: Significant Developments)
Portugal Telecom SGPS SA Announces Dividend Payment
Portugal Telecom SGPS SA announced that the following amounts will be paid on May 17, 2013, as set out below: gross amount of EUR 0.325 per share; withholding tax IRS/IRC (28%/25%) of EUR 0.091 per share/ EUR 0.08125 per share; and net amount of EUR 0.234 per share/ EUR 0.24375 per share. The ex-right date will be May 14, 2013, and the record date will be May 16, 2013. Full Article
Portugal Telecom SGPS SA's Subsidiary Completes Issuance of Eurobond
Portugal Telecom SGPS SA announced that it has completed the issuance of a EUR 1,000 million Eurobond with a maturity of seven years, through its wholly-owned subsidiary PT International Finance BV. The coupon of this issue will be 4.625%. Bank of America Merrill Lynch, BNP Paribas, Caixa BI, Espirito Investment Bank and HSBC were the book-runners of this transaction. Full Article
Portugal Telecom SGPS SA to Propose Share Repurchase
Portugal Telecom SGPS SA announced that it will propose to the general meeting to be held on April 19, 2013 a share repurchase of up to a limit equivalent to 10% of the share capital. The above mentioned limit of 10% of the share capital may include the 20,640,000 shares object of an equity swap executed by the Company. Repurchase period is 18 months. Full Article
Portugal Telecom SGPS SA to Propose FY 2012 Dividend
Portugal Telecom SGPS SA announced that it will propose to the general meeting to be held on April 19, 2013, the payment of dividend for fiscal year 2012 totaling EUR 291,366,562.50 and corresponding to EUR 0.325 per share in respect of the total number of issued shares. Full Article
S&P Downgrades Portugal Telecom SGPS SA's Rating
Portugal Telecom SGPS announced that the credit agency S&P announced its review of the credit rating attributed to Portugal Telecom, downgrading the long-term rating from BB+ to BB, with negative outlook, and maintaining the short-term rating at B. Full Article
EU Fines Telefonica SA And Portugal Telecom SGPS SA-DJ
Dow Jones reported that European Union regulators imposed a combined fine of EUR 79 million on Telefonica SA and Portugal Telecom SGPS SA after the two telecommunications firms agreed not to compete with one another in the Iberian market. The European Commission said the non-compete clause for Spain and Portugal was illegal under European Union law and that Telefonica SA will be fined EUR 66.9 million and Portugal EUR 12.3 million. Full Article
Portugal Telecom SGPS SA Announces Sale of 28% Stake in Companhia de Telecomunicacoes de Macau SARL; Establishes Strategic Alliance Agreement with Citic Telecom International Holdings Limited
Portugal Telecom SGPS SA (PT) announced that it has entered into a definitive agreement for the sale of its minority equity stake held in Companhia de Telecomunicacoes de Macau SARL (CTM), representing 28% of CTM’s share capital, to Citic Telecom International Holdings Limited (CITIC Telecom). This sale has been approved by the Board of Directors of PT and is conditional upon the satisfaction of a set of precedent conditions, notably the completion of the transfer of an equity stake representing 51% of the share capital of CTM by Sable Holding Limited (Sable), a wholly-owned subsidiary of Cable & Wireless Communications Plc, to CITIC Telecom and the approval of both transactions by the Government of Macau and by the relevant People’s Republic of China governmental and regulatory authorities. This agreement provides that PT will receive total proceeds of USD 411.6 million, subject to certain adjustments, on a cash-free and debt-free basis and assuming a normal level of working capital. CITIC Telecom and PT also entered into a strategic alliance agreement for capitalizing on their respective expertises in certain areas of collaboration in the telecom sector and in the identification of ICT investment opportunities in order to create value for their respective shareholders. Pursuant to this strategic alliance agreement, CITIC Telecom will select PT as the CITIC Telecom Group’s strategic ICT service provider. Full Article
Portugal Telecom SGPS SA Presents MEO
Portugal Telecom SGPS SA announced the presentation of the new MEO, which includes a rebranding and the launch of the first quadruple play offer, including TV, Internet, fixed telephone, and mobile telephone: M4O. MEO, which represented a triple-play offer based on a new television experience, will become a brand that offers an integrated service bundle of telecommunications and entertainment. Full Article
Portugal Telecom SGPS SA Acquires Stake in Joint-Venture Sport TV between Sportinveste SGPS SA, ZON Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA and PT
Portugal Telecom SGPS SA (PT) announced that it has reached an agreement on a number of transactions that will allow PT to have a 25% stake in a joint-venture that will combine Sport TV Portugal SA (Sport TV), Sportinveste Multimedia SGPS SA (SIMM) and PP TV - Publicidade de Portugal e Televisao SA (PPTV). PT will contribute its 50% stake in SIMM and invest, through a rights issue in Sport TV, a net amount of up to EUR 21 million. Following these transactions, Sport TV, which will incorporate PPTV and SIMM, will be owned by Sportinveste SGPS SA (Sportinveste) (50%), PT (25%) and ZON Multimedia Servicos de Telecomunicacoes e Multimedia SGPS SA (Zon) (25%). Full Article
Portugal Telecom SGPS SA Completes EUR 750 Million Bond Issuance Through Subsidiary
Portugal Telecom SGPS SA announced that it has completed the issuance of EUR 750 million Eurobond with a maturity of 5.5 years, through its wholly-owned subsidiary PT International Finance BV. The coupon of this issue will be 5.875%. Bank of America Merrill Lynch, Barclays Capital, BES Investimento, BNP Paribas, Caixa BI, Citigroup, HSBC and Mizuho were the book-runners of this transaction. Full Article
Vodafone says to double fibre network in Portugal by 2015
LISBON, May 16 - Vodafone will double the size of its fibre optic network in Portugal to cover 1 million homes by 2015, it said on Thursday, as it seeks to more effectively compete against Portugal Telecom and the soon-to-be-merged duo of Zon and Sonaecom.
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