Friday, 21 July 2017

Portugal Telecom shares suspended as shareholder vote looms

By Mary Lennighan, Total Telecom
Friday 09 January 15

Telco fails to provide information that will enable shareholders to make informed decision on Altice deal, regulator says.

Life became even more complicated for Portugal Telecom on Friday when the country's stock market regulator suspended trading in its shares and requested more information relating to the proposed sale of its Portuguese operations. The move came just days before the telco's shareholders are due to meet to discuss Oi's planned sale of the Portuguese part of the business to Altice and hours after a PwC study criticised its risk management policy…

Life became even more complicated for Portugal Telecom on Friday when the country's stock market regulator suspended trading in its shares and requested more information relating to the proposed sale of its Portuguese operations. The move came just days before the telco's shareholders are due to meet to discuss Oi's planned sale of the Portuguese part of the business to Altice and hours after a PwC study criticised its risk management policy…

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