Oi Merger With Portugal Telecom in Brazil: Daily

By Chesney Hearst, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s largest telecommunications company, Oi is set to advance towards its goal of merging with Portugal Telecom by raising funds through completion of a share sale that aims to raise a minimum R$7 billion from investors around the world, at a price of about R$2.50 per preferred share (without vote).

The public share offerings open Monday, April 29th on the New York Stock Exchange (NYSE) and on Wednesday, April 30th on Subscribe to our Premium Membership Plan. Already Subscribed?