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Tuesday, February 28, 2006

Sonae wants all of PT

SonaeCom SGPS said it wants to control all of Portugal Telecom’s international operations if Sonae group's 10.7 billion euro bid for the telecom is successful.

"The internationalization strategy set forward by Sonae SGPS will consist primarily in controlling all international participations where the company is present" SonaeCom said in a statement to CMVM.

Sonaecom intends to analyze the possibilities of obtaining control of all the current PT international investments, mainly in Brazil where PT detains its biggest international business in a 50-50 partnership with Telefonica Moviles SA which owns Vivo, Brazil's largest mobile telephone network. If such control is not possible Sonaecom will reorganize the resources involved in these operations towards the acquisition of other GSM/3G operators, with special emphasis in African countries and South-eastern Europe.

SonaeCom also alleged that “projects will be intended to ensure that the total resources allocated by Sonaecom/PT to international expansion will not decreased”

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3 Comments:

At 6:08 PM, Blogger Tiago Alves said...

Penso poder comentar em português. Não conhecia este blogue mas tambem está muito bom. Mais informativo do que opinativo, a primeira vista. Os contributors são residentes no estrangeiro ou serve este blogue para mostrar aos "estrangeiros" o que se passa por cá?

 
At 9:13 PM, Blogger Luis Damasco said...

Tiago Alves muito obrigado pela tua visita. Nós neste momento residimos em Portugal mas eu já vive na Africa do Sul e durante algum tempo na Inglaterra. Acerca deste blog, é uma simples tentativa de informar os Portugueses residentes no estrangeiro e que não saibam ler Português acerca das noticias do nosso país. Obrigado e volte sempre.

 
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