Tuesday, June 5, 2007

Portugal Telecom Ends Talks With Some Shareholders of Brazil's Telemar

(Bloomberg) -- Portugal Telecom SGPS SA's talks with
some shareholders of Tele Norte Leste Participacoes SA, Brazil's
biggest phone company, regarding possible business opportunities
have ended, the Lisbon-based company said today in a regulatory
filing.

Portugal Telecom said May 31 that it had agreed to resume
talks with some of Tele Norte's shareholders ``to explore
investment alternatives.'' The company said it hadn't presented
any proposals to buy Tele Norte shares.


Read more at Bloomberg Emerging Markets News

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