Portugal Telecom Announces Policy Regarding Potential Transactions.Business Editors LISBON, Portugal--(BUSINESS WIRE)--May 18, 2001 Portugal Telecom, SGPS SGPS Sociedade Gestora de Participações Sociais , S.A. (NYSE NYSE See: New York Stock Exchange :PT; BVL BVL bovine viral leukosis. :PTCO.IN) issued today the following statement in response to current market speculation and press reports: Portugal Telecom's policy relating to potential transactions is to respond to press enquiries with a "no comment". Notwithstanding this policy, PT believes that it is necessary to confirm to the market that PT is, at this time, considering a possible tender offer for the shares of Telesp Celular Participacoes that it does not already own. Any such transaction would require a decision by the Board of Directors of Portugal Telecom. Consistent with its stated policy, PT will have no further comment unless and until a decision is reached by its Board of Directors. 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. and traded on London SEAQ SEAQ See: Stock Exchange Automated Quotation System International. 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. |
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