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Saturday, March 18, 2006

Pt will continue with Namibian bid

Portugal Telecom spokesman told the newspaper Diario Economico that they will continue with the bid for a 34 pct share in Namibia's mobile operator and also proceed with the launch of a service in Congo, although it has officially dropped out of the bidding for 35 percent in the Tunisian Telecom. This despite still facing a takeover bid from SonaeCom.

The spokesman told the business daily that the company would go ahead with the Namibian offer because it had materialised before SonaeCom launched its offer for the group.

The winner for the bid is expected to be known at the end of March, Diario Economico said, adding that MTN, South Africa's biggest listed mobile phone network, is also in the running.

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