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Broadband

Sonaecom acquires stake in Portugal Telecom

Thursday 25 May 2006 | 20:54 CET | News
Sonaecom has acquired 11.29 million shares in Portugal Telecom, representing slightly over 1 percent of Portugal Telecom's capital, at an average price of EUR 9.3792 per share, reports AFX. Sonaecom paid a maximum EUR 9.40 and a minimum EUR 9.25 for the shares. Meanwhile, Sonaecom has approached Energias de Portugal (EDP) about exchanging EDP's 25.7 percent stake in Sonaecom's Optimus mobile phone network for a stake in the group.


Categories: Fixed
Companies: Portugal Telecom / Sonaecom
Countries: Portugal
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