Telefonica awaits EU ruling on Portugal Telecom

Telefonica awaits EU ruling on Portugal Telecom

LISBON, Portugal - (AP) Telefonica has extended to July 16 its (EURO)7.15 billion ($8.81 billion) offer for Portugal Telecom's stake in Brazil's leading cell phone company Vivo, apparently hoping that an EU court will clear the deal.

PT shareholders voted Wednesday to accept Telefonica's bid before the Portuguese government unexpectedly used its special voting ...

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