Portugal TelecomRSS

Slim launches $22bn LatAm shake up

Big spender: Carlos Slim, head of America Movil

Latin American operator, America Movil, has launched its $21.8bn bid for control of three other regional telecoms firms. It sounds like big money but given that America Movil’s top man is none other than Carlos Slim Helu, the richest man in the world, such moves are to be expected.

Opportunities and challenges

Opportunities and challenges

Mozambique is one of the poorest countries in the world. It is still emerging from the after-effects of almost two decades of civil war that devastated its infrastructure and economy.

Telefonica, Portugal Telecom exit Morocco

Telefonica, Portugal Telecom sell out of Meditel

Spanish carrier Telefonica and Portugal Telecom said this week that they have jointly sold their controlling holding in Moroccan operator Medi Telecom to the other local partners in the company for €800m in cash.

Portugal Telecom considers pan-African goal

According to reports Portugal Telecom (PT) is considering setting up a pan-African mobile operator based in Angola. Portuguese weekly, Visao, published an interview with PT’s CEO, Thursday, in which he reveals the firm’s thoughts on the emerging region. “The big pan-African operators are centred in South Africa or in the Middle East but we believe [...]

Sonaecom gives up on Portugal Telecom

Portuguese operator Sonaecom said Wednesday that it has offloaded all its shares – a total of just over 1 per cent – in larger rival Portugal Telecom. The move comes after shareholders in Portugal Telecom yet again turned down an Eur11.8bn hostile takeover bid from smaller rival Sonaecom last week. Portugal Telecom has fended off [...]

Portugal Telecom bid rejected…again

Shareholders in Portugal Telecom yet again turned down an Eur11.8bn hostile takeover bid from smaller rival Sonaecom on Friday. Portugal Telecom has fended off increasingly larger bids from Sonaecom for around a year now, always saying that the offers were too low. The Portuguese incumbent said it would distribute some Eur6.2bn to shareholders over the [...]

Telmex buys into Portugal

Mexican carrier Telmex became a major shareholder in Portugal Telecom Friday, acquiring a 3.4 per cent stake in the company. The move throws a spanner in the works of Portuguese conglomerate Sonae’s Eur10.7bn (£7.4bn) hostile bid for Portugal Telecom. The stake was acquired via common stock and it is under stood the Telmex involvement was [...]