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Name | Symbol | Market | Type |
---|---|---|---|
Telefonica Brasil SA | NYSE:VIV | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.08 | 0.94% | 8.57 | 8.70 | 8.525 | 8.67 | 861,619 | 23:50:41 |
Portugal Telecom SGPS SA (PT) Tuesday said it hasn't reached an agreement to buy a stake in Brazilian telecommunications company Oi.
In a filing to the Portuguese market regulator, Portugal Telecom said it hadn't "signed any agreement or pre-agreement with the objective to acquire an equity stake in Oi."
However, Portugal Telecom didn't say whether the two companies were in talks.
Local media and analysts have speculated that Portugal Telecom could buy a stake in Oi in order to keep a presence in Brazil, should it sell its stake in Vivo Participacoes SA (VIV) to Telefonica SA (TEF), which made a bid for PT's stake in Vivo.
-By Jason Sinclair, Dow Jones Newswires; +34-91-395 8127; jason.sinclair@dowjones.com
1 Year Telefonica Brasil Chart |
1 Month Telefonica Brasil Chart |
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