Sonaecom will go no higher

22 Dec 2006

A report from Portugal suggests that Sonaecom is unlikely to raise its offer for Portugal Telecom from its current level of EUR9.50 per share. Local newspaper Publico cites a source within Sonaecom and claims that the group is more likely to lower its bid price than increase it, given the recent deterioration of PT’s operational and financial performance.

Portugal, Optimus (Clix),


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