Board of Directors of Portugal Telecom Withdraws the General Meeting Proposals.Business Editors LISBON, Portugal--(BUSINESS WIRE)--Sept. 6, 2001 A Portugal Telecom Portugal Telecom (Euronext: PTC, NYSE: PT) is the biggest telecommunications operator in Portugal. It operates mainly in Portugal and Brazil. It also has a significant presence in Morocco, Guinea-Bissau, Cape Verde, Mozambique, Timor-Leste, Angola, Kenya, the People's Republic , SGPS SGPS Sociedade Gestora de Participações Sociais , S.A. (BVLP BVLP Bolsa de Valores de Lisboa e Porto (Portuguese Stock Exchange) : PTCO.IN; NYSE NYSE See: New York Stock Exchange : PT) Extraordinary General Meeting was convened this afternoon to deliberate on a share capital increase through the issuance of new ordinary shares to be subscribed for in kind by the shareholders of Telesp Celular Participacoes, S.A., in connection with Portugal Telecoms's proposed offer, announced on May 21, 2001, as well as certain other issues relating to the proposed offer. Having decided not to proceed with the proposed offer at its meeting of September 4, 2001, the Board of Directors of Portugal Telecom decided to withdraw the proposals presented on the agenda. This information is also available on PT's website www.telecom.pt. Portugal Telecom is listed on the Lisbon and New York Stock Exchanges New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Information may be accessed on the Reuters 2000 Service under the symbols PT and PTCO.IN, on Bloomberg under the symbol PLTM PL and on Quotron under the symbol PT. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion