Portugal Telecom SGPS SA (PT.N)
23 Jul 2014
|Market Cap (Mil.):||$2,134.09|
|Shares Outstanding (Mil.):||896.51|
RIO DE JANEIRO, July 21 - Brazil securities watchdog CVM may take weeks to analyze the new terms of a merger between telecommunications companies Grupo Oi and Portugal Telecom SPGS SA that require Portugal Telecom to set aside more treasury-held shares, a former regulator told Reuters.
* Agreement, commences in december 2014 and runs for 25 years
LISBON, July 18 - Several minority investors in Portugal Telecom are preparing to sue the board over its decision to buy debt from a holding company of the troubled Espirito Santo family, a representative of the shareholders said.
LISBON - Banco Espirito Santo (BES) could be sued over a loan that one of its founding family's holding companies failed to repay to Portugal Telecom, sources said on Thursday, as credit rating agencies downgraded the bank and its key shareholder.
* BES-linked Rioforte holding company failed to repay $1 bln debt (Adds Portugal Telecom also likely to be sued)
LISBON, July 17 - Portugal Telecom is considering taking legal action against Banco Espirito Santo, which sold it 847 million euros in commercial paper issued by a holding company of the bank's founding family that has not been repaid, sources said.
* PT stake in merged company cut to 25.6 pct from 38 pct in old terms
BRASILIA, July 16 - Brazil's telecommunications regulator Anatel is likely to approve the new terms of a merger between Grupo Oi SA and Portugal Telecom SGPS SA , a source at the agency said on Wednesday.
LONDON, July 16 - Short sellers are raising their bets that Portuguese stocks will fall as the escalating troubles of the Espirito Santo family send ripple effects through the country's corporate world.
NEW YORK, July 16 (IFR) - Bonds of Brazilian telecoms company Oi rallied Wednesday, after partner Portugal Telecom was forced to reduce its stake in a planned merger after a holding company of the Espirito Santo family failed to pay more than US$1bn owed to the Portuguese telco.
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Earnings vs. Estimates
Analyst Research Reports
"The Economy Matters" Report for PT: the economy's impact on PT's price and risk, featuring the powerful Economic Climate Rating
Provider: MacroRisk Analytics/EconomicInvestor
Provider: ValuEngine, Inc.
Portugal Telecom SGPS SA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Pechala's Reports
Provider: Pechala's Reports
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