0
General

Oi rejects Dos Santos bid for Portugal Telecom

Monday 10 November 2014 | 12:13 CET | News
Brazil telecommunications operator Oi said it considers as "untimely" any changes to its merger agreement with Portugal Telecom triggered by the bid from Angolan entrepreneur Isabel dos Santos for the Portuguese operator. The proposed acquisition would change the previously agreed terms of the merger signed with Portugal Telecom SGPS, including the transfer of PT shares to Oi. Dos Santos' Portuguese company Terra Peregrin launched a takeover bid for Portugal Telecom at EUR 1.35 per share, conditional on acquiring more than 50 percent of Portugal Telecom shares. This would affect the share

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Oi / Portugal Telecom
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

PT shareholders discuss alternatives to sale - report

Published 05 Jan 2015 10:38 CET | Portugal
Isabel dos Santos and other shareholders of Portugal Telecom are still looking for an alternative to the failed bid by the ...

Dos Santos withdraws bid for Portugal Telecom

Published 24 Dec 2014 09:08 CET | Portugal
Angolan businesswoman Isabel dos Santos has dropped her EUR 1.2 billion bid for Portugal Telecom. Her Portuguese company Terra ...

Portuguese regulator tells Terra Peregrin to increase PT bid

Published 18 Dec 2014 10:47 CET | Portugal
Portugal's securities market regulator (CMVM) said that Terra Peregrin, a company owned by Angolan businesswoman Isabel dos ...

Terra Peregrin proposes capital increase for Oi

Published 16 Dec 2014 09:48 CET | Brazil
Angolan billionaire businesswoman Isabel dos Santos is ready to help capitalise Brazil's Oi if her bid for Portugal Telecom, a ...

Dos Santos files bid for Portugal Telecom

Published 02 Dec 2014 18:10 CET | Angola
Angolan investor Isabel dos Santos has formally registered her bid for holding company Portugal Telecom SGSP, a spokesman told ...

Angola's dos Santos maintains bid price for Portugal Telecom

Published 28 Nov 2014 09:01 CET | Portugal
Angola's Isabel dos Santos will maintain her takeover offer of EUR 1.35 a share for Portugal Telecom, considering it fair despite ...

Isabel dos Santos withdraws PT takeover conditions

Published 19 Nov 2014 11:15 CET | Portugal
Angolan businesswoman Isabel dos Santos is open to dropping some of the conditions of her takeover offer for Portugal Telecom, ...

Oi says bids for Portuguese assets 'could improve'

Published 14 Nov 2014 12:48 CET | Brazil
The bids received by Oi for the sale of the Portuguese assets of Portugal Telecom "are interesting, but could be improved", CEO ...

Portuguese Post to enter race for PT Portugal – report

Published 13 Nov 2014 17:37 CET | Portugal
Brazilian operator Oi has been informed that CTT (Postal Services of Portugal) is preparing to submit a bid for Portugal Telecom, ...

PT Portugal Q3 revenues down 3.3% to EUR 610 million

Published 13 Nov 2014 16:43 CET | Portugal
Portuguese operator PT Portugal generated EUR 610 million in revenues in Q3, down 3.3 percent year-on-year, according to figures ...

Oi seeks improved bids for Portuguese assets - report

Published 13 Nov 2014 13:53 CET | Brazil
Brazilian operator Oi is seeking a seeking a better offer from two bidders for its Portuguese assets, reports Folha de Sao Paulo. ...

Angolan bidder offers changes to Portugal Telecom bid terms

Published 12 Nov 2014 11:08 CET | Angola
Angolan investor Isabel dos Santos is willing to change the terms of her bid to buy Portugal Telecom if necessary, to prevent ...

Pais do Amaral could join race for PT Portugal - report

Published 10 Nov 2014 12:42 CET | Portugal
Portuguese businessman Miguel Pais do Amaral is analyzing the sale of PT Portugal and, if he decides to submit a bid, would be ...

Nos shareholder makes offer for Portugal Telecom

Published 10 Nov 2014 09:20 CET | Portugal
Isabel dos Santos, the daughter of Angola's president, has launched a takeover bid for Portugal Telecom. In a statement published ...