PT completes share buyback

5 Jun 2007

Portugal’s largest telco, Portugal Telecom (PT), has bought 3.08% of its own share capital as part of a buyback programme, Thomson Financial reports. The buyback was proposed in a shareholder remuneration package which was announced as part of the defence measures against a failed hostile takeover bid from Sonaecom earlier this year.

Portugal, Altice Portugal (MEO)