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Saturday, March 11, 2006

South African Telkom prepares bid for PT

South African Telkom is thought to be preparing a counter bid for Portugal Telecom, in response to Sonae's 10.7 billion euro offer, Newspaper Publico reported.

PT currently holds several operations in African countries which include Morocco, Guiné Bissau, Cabo Verde, Mozambique, Angola, Kenya and São Tomé e Príncipe.


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