PT to take full control of Prime

21 Jul 2003

Portugal Telecom [NYSE: PT] has revealed plans to buy the 12.5% stake it does not already own in its subsidiary PT Prime from Sociedade Interbancaria de Servicios (SIBS) for EUR39 million. Under the terms of the deal, SIBS must then use the proceeds from the sale to purchase shares in Portugal Telecom. PT Prime provides services to corporate wireline customers.

Portugal,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share