Portugal Telecom Says Rejecting Sale Would Hurt Co.’s Value

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Portugal Telecom Says Rejecting Sale Would Hurt Co.’s Value 2015-01-15 22:33:35.111 GMT

By Jim Silver (Bloomberg) -- Failure by Portugal Telecom shareholders on Jan. 22 to approve sale of Oi’s Portuguese assets would contribute to “continued uncertainty” over those assets, PT says in statement. * That “would consequently have a negative impact” on Oi shareholders’ equity and, in turn, on Portugal Telecom as Oi shareholder * NOTE: Jan. 12, P. Telecom Shareholders Take 10 Days to Consider Altice Deal Link

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To contact the editor responsible for this story: Jim Silver at +1-212-617-7342 or jsilver@bloomberg.net