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January 6, 1997updated 05 Sep 2016 12:03pm

PORTUGAL TELECOM ISN’T INVITING LARGE STOCK BUYOUT

By CBR Staff Writer

Portugal Telecom SA says that while it is still seeking an international alliance, the company is no longer interested in any future partner taking a significant stake. What would normally be called a strategic partner, that is somebody that would buy more than 20% and have a significant say in the management, has been put aside, a spokeswoman told Reuters in Lisbon. A nominal holding is on the cards.

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