PT hints at possible Telemar bid

30 May 2007

Portugal Telecom is considering a bid for Brazilian telecommunications group Telemar, says Reuters citing a report from local daily Diario Economico. ‘Portugal Telecom’s executive commission proposed to the company’s board a bid for Telemar,’ said Diario Economico, quoting unidentified sources as saying. Telemar has a market capitalisation of about USD9.7 billion.

Brazil, Oi