INVESTIGATION INTO SALE OF PORTUGAL TELECOM'S MEDIA SUBSIDIARY.

PositionLusomundo to Controlinveste group - Brief Article

Portugal's competition authority has decided to open an in-depth investigation into the sale of Lusomundo, Portugal Telecom's media subsidiary, to the Controlinveste group, an official source within the institution quoted by the Lusa press agency indicated on June 16. According to the authority, the deal, "in view of the facts available, is liable to create or reinforce a dominant position which may significantly impede competition". Portugal Telecom announced the sale of Lusomundo Servicos to Controlinveste, wjhich controls the Olivedesportos group, at the end of February for euro 300.4 million. Lusomundo...

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