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VIV Telefonica Brasil SA

8.86
0.01 (0.11%)
25 May 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
  0.01 0.11% 8.86 9.01 8.84 9.01 695,720 01:00:00

Portuguese PM: Portugal Telecom Is A Strategic Asset

17/05/2010 4:36pm

Dow Jones News


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

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Portugal Telecom SGPS SA (PT) is a strategic asset for Portugal, the country's prime minister, Jose Socrates, said Monday.

Socrates added that he wants a "big" Portugal Telecom and that Brazil is a strategic market for Portugal.

Last week, Telefonica SA (TEF) made a EUR5.7 billion offer for Portugal Telecom's stake in Vivo Participacoes SA (VIV), a Brazilian joint venture that both companies control. PT rejected the offer and has said Vivo is strategic for the company.

The Portuguese government has a golden share in Portugal Telecom.

Company website: www.telefonica.com

-By Jonathan House and Jason Sinclair, Dow Jones Newswires; 34 913958121; jonathan.house@dowjones.com

 
 

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