Telefonica lost Brasilcel

Telefonica was offended by Portugal Telecom

In brief: The Portuguese Government has blocked a proposal by Telefonica golden share.

Another great deal hadn’t finished. The Portuguese Government has used its veto to block the proposal, a Spanish company Telefonica in the amount of 7.15 billion euros ($ 8.72 billion) to buy a stake in Portugal Telecom the largest mobile operator in Brazil Brasilcel.

Thus, Prime Minister Jose Socrates (Jose Socrates) pushed investors from the asset, which he described as “strategic”.

Ukrainian Globalist
2010-06-30 15:01, Economics.

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