The Mexican telco Telmex has become the fifth largest shareholder in Portugal Telecom (PT) after acquiring a 3.4% interest. Reuters reports that Telmex has bought 38.46 million PT shares in what it says is ‘strictly a financial operation’. PT, which is currently the subject of a takeover attempt by Portuguese utility group Sonae, says it did not solicit Telmex’s involvement.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Have feedback, corrections, or story ideas? Send them to email@example.com.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors