One word: - Scandal.

One word: - Scandal.

"We hope that the administration of PT safeguard" the interests of shareholders. July 8, 2010 | 14:31. The Government expects the board of PT "safeguard" the interests of shareholders in the round of negotiations that should be being initiated. "We see a positive statement of Telefónica to providing" what should have been done from the beginning: to negotiate. It was so Pedro Silva Pereira commented on the statement of an official of the Spanish operator who said that there willingness to negotiate. Telefónica "is willing to maintain dialogue with Portugal Telecom and open to find the best solution for the situation," a source told Lusa the Spanish operator. "We see this as a positive statement," but now "only indicates a willingness not yet produced a material change," stressed the head. "The Government has spoken out in general meeting and said he had to say on the proposal [Telefónica]: failed to offset the strategic interests of Portugal Telecom to Live" and "if the proposal [that appears] is not different, the government's position may not be different from that which formalized the general assembly, "noted Pedro Silva Pereira. "We hope that the administration of PT safeguard" the interests of shareholders, cautioned. And it was peremptory: "There is no shareholder of Portugal Telecom is unaware that the special rights of the State at that company," with investments being made with knowledge "full rights". Pedro Silva Pereira said not even believe someone thought that "there [these special rights] would not be used."

PHOTO DE MEIA-CARA: Barroso "applauds" the decision of the European Court of Justice. July 8, 2010 | 11:05. The European Commission President Jose Manuel Barroso today welcomed the decision with undisguised satisfaction of the Court of Justice to consider illegal the special rights (commonly called "golden shares") of the Portuguese state in PT. In a press conference today in Brussels, Barroso said that "golden shares are anti-market" and against the principle of free movement of capital, thus sharing the position taken by the European Court of Justice. In the opinion of the Court, expressed this morning, the veto rights of Portugal in the deliberations of the PT "attribute to the Portuguese influence on decision making of the company could discourage investment by operators from other Member States" . According to Bloomberg, the decision may open the path leading to the acceptance of a proposal from Telefonica to buy the Brazilian operator Vivo.