We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Perplexing call

11 May 2010 By Una Galani

The Portuguese group has surprisingly rejected its Spanish rival’s 5.7 billion euro offer to buy out their Brazilian mobile JV. Sure, Telefonica needs to shore up its business in Brazil, but the valuation is punchy. PT shareholders should encourage the board to think again.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)