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VIV Telefonica Brasil SA

8.57
0.08 (0.94%)
05 Jun 2024 - Closed
Delayed by 15 minutes
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: No Agreement Signed To Buy Oi Stake

20/07/2010 6:16pm

Dow Jones News


Telefonica Brasil (NYSE:VIV)
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From Jun 2019 to Jun 2024

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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

 
 

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1 Year Telefonica Brasil Chart

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1 Month Telefonica Brasil Chart