Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
ANNOUNCEMENT |
Portugal Telecom, SGPS, S.A.
Public Company
Registered Offices: Avenida Fontes Pereira de Melo, 40, Lisbon
Share Capital: Euro 395,099,775
Registered in the Commercial Registry Office of Lisbon and
Corporation no. 503 215 058
Qualified Holding
Pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code (CVM), we hereby inform that Credit Suisse notified Portugal Telecom, SGPS, S.A. (PT) that, as a result of acquisitions of 1,975,800 and 618,920 PT ordinary shares made on 18 and 19 January 2007, respectively, a total of 24,874,847 PT ordinary shares, equivalent to 2.204% of the share capital and voting rights of PT, are attributed to its investment banking business.
Such holding is attributed to Credit Suisses investment banking business through the following entities:
- Credit Suisse International holds 997,474 ordinary shares representing 0.088% of the share capital and voting rights of PT;
- Credit Suisse Securities (Europe) Limited holds 22,887,037 ordinary shares representing 2.027% of the share capital and voting rights of PT;
- Credit Suisse Securities (USA) LLC holds 990,336 ordinary shares representing 0.088% of the share capital and voting rights of PT.
Credit Suisse has also informed that Credit Suisse International, Credit Suisse Securities (Europe) Limited and Credit Suisse Securities (USA) LLC are companies that are part of the Credit Suisses investment banking business. Credit Suisse International is under the direct control of Credit Suisse (International) Holding AG, Credit Suisse Securities (Europe) Limited is under the direct control of Credit Suisse Investment Holdings (UK) and Credit Suisse Securities (USA) LLC is under the direct control of Credit Suisse (USA) Inc.. All these controlling companies are under the control of Credit Suisse Group.
Lisbon, 22 January 2007
PORTUGAL TELECOM, SGPS, S.A.
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By: |
/S/
Nuno Prego
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Nuno Prego
Investor Relations Director
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.