Societe Generale boosts PT stake to 2.67%

10 Dec 2012

Paris-based banking group Societe Generale has reportedly negotiated an ‘equity-linked share swap’ to take its voting stake in Portugal Telecom (PT) to 2.673%, reports. The deal was completed on 27 November and the bank’s new shareholding will become effective from 17 December.

Last month TeleGeography’s CommsUpdate reported that Spanish telecoms giant Telefonica suggested that it was likely to dispose of its 2% stake in PT ‘in the coming weeks’. It is unclear if the two transactions are related.

Portugal,Pharol (formerly Portugal Telecom SGPS [PT SGPS]),


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

Subscribe to CommsUpdate


Have feedback, corrections, or story ideas? Send them to

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.