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Portugal - Portugal Telecom reports share capital increase, reduction.

Europe Intelligence Wire

| May 22, 2007 | COPYRIGHT 2007 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Telecompaper Europe)

Portugal Telecom has requested to register before the Commercial Registry of Lisbon its share capital increase, in the amount of EUR 79 million through the incorporation of legal reserve, and a share capital reduction, in the amount of EUR 440 million for the release of excess capital through the creation of free reserves in the same amount, with the resulting share capital amounting to EUR 33.86 million. As a result of the ...

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