0
General

Pharol seeks EUR 2 billion in compensation from Oi

Friday 9 November 2018 | 15:11 CET | News
Portuguese holding Pharol said it filed a lawsuit against Brazilian operator Oi at the Lisbon District Court seeking cash compensation of EUR 2 billion, reports Reuters. Pharol explained that Oi's behavior at the General Shareholders Meetings in September 2014 and January 2015, where the sale of PT Portugal to Altice was decided, "seriously damaged the rights and interests of Pharol and its thousands of shareholders".

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Altice Portugal / Oi / PT Portugal
Countries: Portugal
::: add a comment

Add 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

Pharol and Oi deal to end all disputes goes into effect

Published 04 Apr 2019 15:54 CET | Brazil
The agreement between Brazilian operator Oi and its indirect shareholder Pharol, which puts an end to the disputes between the ...

Oi and Pharol agree to end legal disputes

Published 09 Jan 2019 14:35 CET | Brazil
Brazilian operator Oi and its shareholder Pharol/Bratel have reached an agreement to end all the legal disputes between the ...

Pharol gives up on capital increase in Oi

Published 14 Dec 2018 08:51 CET | Brazil
Portuguese company Pharol (formerly Portugal Telecom) has given up on the capital increase in Oi that had been authorized by the ...

Oi accuses Pharol of 'serving only specific interests' with compensation claim

Published 21 Nov 2018 16:03 CET | Brazil
Oi said it has written a letter to shareholder Pharol, criticizing the Portuguese company's position, in particular regarding the ...

Portugal Telecom shareholders approve PT sale to Altice

Published 23 Jan 2015 09:10 CET | Portugal
Shareholders of Portugal Telecom have approved the sale of PT Portugal to Altice. After earlier suspending the vote on the ...