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

Calling all options

24 June 2010 By Fiona Maharg-Bravo

The Spanish operator’s sale of an 8 pct stake in Portugal Telecom via equity swaps was driven by the fear it wouldn’t be allowed to vote the shares in a ballot on its 6.5 bln euro bid to buy out PT’s of the Brazilian mobile JV. Telefonica’s move is clever, but a little risky.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)