Pursuant to Rule 13a-16 or 15d-16 of the
1069 - 300 Lisboa, Portugal
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
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Portugal Telecom, SGPS, S.A.
Public Company
Registered Offices: Avenida Fontes Pereira de Melo, 40, Lisbon
Share Capital: Euro 395,099,775
Registered in the Commercial Registry Office of Lisbon and
Corporation no. 503 215 058
Qualified Holding
Pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code, we hereby inform that Credit Suisse notified Portugal Telecom, SGPS, S.A. (“PT”) that, as a result of sales of 3,208,849 PT ordinary shares made by Credit Suisse Securities (Europe) Limited and of 20,398 by Credit Suisse International on 15 February 2007, a holding below 2% of the share capital and voting rights in PT has become attributable to Credit Suisse´s investment banking business.
In addition, as a result of the acquisition of 6,764,202 PT ordinary shares made on 16 February 2007 by Credit Suisse Securities (Europe) Limited, a total of 23,908,803 PT ordinary shares, equivalent to a qualified holding of 2.12% of the share capital and voting rights in PT, has again become attributable to such entity.
Following this acquisition, a total of 26,414,267 PT ordinary shares, equivalent to 2.34% of the share capital and voting rights in PT, is attributed to Credit Suisse´s investment banking business.
Such holding is attributed to Credit Suisse’s investment banking business throught the following entities:
- Credit Suisse International holds 1,513,328 ordinary shares, representing 0.13% of the capital and voting rights in PT;
- Credit Suisse Securities (Europe) Limited holds 23,908,803 ordinary shares, 2.12% of the share capital and voting rights in PT;
- Credit Suisse Securities (USA), LLC holds 992,136 ordinary shares, representing 0.09% of the share capital and voting rights in PT.
Credit Suisse has also informed that Credit Suisse International, Credit Suisse Securities (Europe) Limited and Credit Suisse Securities (USA) LLC are companies that are part of the Credit Suisse´s investment banking business. Credit Suisse International is under the direct control of Credit Suisse (International) Holding AG, Credit Suisse Securities (Europe) Limited is under the direct control of Credit Suisse Investment Holdings (UK) and Credit Suisse Securities (USA) LLC is under the direct control of Credit Suisse (USA) Inc.. All these controlling companies are under the control of Credit Suisse Group.
Lisbon, 20 February 2007
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PORTUGAL TELECOM, SGPS, S.A.
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| By: |
/S/
Nuno Prego
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Nuno Prego
Investor Relations Director
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.