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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (22396)	7/17/2001 2:40:31 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Portugal Telecom Registers Telesp Bid With Regulators Dow Jones Online News, 07/17/2001 05:50 LISBON -(Dow Jones)- Portugal Telecom SGPS SA (PT) said Tuesday that it has filed documents relating to its offer to acquire the outstanding shares of Brazilian mobile operator Telesp Celular Participacoes SA (TCP) with the U.S. Securities Exchange Commission and Brazil's market regulator, CVM. Portugal Telecom said in a statement: "Upon completion of the review and approval of both the SEC and the CVM, and as soon as practicably thereafter, PT will be in a position to commence its respective offers in the U.S. and Brazil and to proceed in Brazil with the listing of PT's shares on the Bovespa in the form of Brazilian depositary receipts." Portugal Telecom has called an extraordinary meeting of shareholders August 20 to approve the issuance of EUR253.3 million in new Portugal Telecom shares which will be swapped for Telesp shares. The offer for Telesp was unveiled in May. -By Erik T. Burns, Dow Jones Newswires; 35 1-21 319-1863; erik.burns@dowjones.com (This story was originally published by Dow Jones Newswires) Copyright (c) 2001 Dow Jones & Company, Inc. All Rights Reserved