State defends golden share

11 Feb 2008

The Portuguese government is defending its position as a shareholder in the country’s dominant fixed line and wireless operator, Portugal Telecom (PT). The European Commission has said it will begin legal action to force the government to give up its so-called ‘golden share’ in PT as it contravenes EU rules and deters investment from overseas firms. But Public Works minister Mario Lino says that the stake is being retained in the public interest. ‘PT plays a fundamental role in the development of the telecoms and information technology sectors, which are of strategic importance for the modernisation of the country,’ Thomson Financial reports Lino as saying.



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

Subscribe to CommsUpdate

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
  • Regulators

Learn more about advertising on CommsUpdate.