PORTUGAL TELECOM.
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 , a Portuguese telecommunications company See telecom company. , withdrew
its US$2.4 billion offer to buy the 58% it does not already own in
Brazilian cellular service concern Telesp Telesp - Telecomunicações de São Paulo S.A. (NYSE: TSP) is a telecommunications company in São Paulo state, Brazil. The company was originally formed as part of Telebrás, the state-owned telecom monopoly at the time. Celular. Telesp shares lost
25% of their value after the announcement. Portugal Telecom's
decision is not expected to affect its planned joint venture with
Spain's Telefonica to offer mobile phone services in Brazil.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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