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Slim denies Portugal Telecom acquisition rumorsRumors that Mexico telecom giant Carlos Slim wants to thwart even more competition in its Brazil market by snapping up Portugal Telecom, which owns a stake in local operator Vivo, have been put to rest. A report yesterday morning emerged that Slim was going to try to prevent Telefonica ( NYSE: TEF ), a stakeholder of Vivo, from the remaining piece of the company from Portugal Telecom. The timing ...
2010-05-28 - FierceTelecom