Thursday, May 31, 2007

Portugal Telecom board approved Telemar contacts

(Reuters) - Portuguese daily Diario Economico reported on Wednesday that PT was considering a bid for Telemar, one of Brazil's largest telecoms companies.



"The board of directors approved on May 28 the re- establishment of contacts with certain Telemar shareholders in order to explore investment alternatives," PT said in a statement.


Read more at Reuters.com Mergers News

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