Zeinal Bava guarantees rigour and transparency
Friday, June 26, 2009
Zeinal Bava confirmed the existence of negotiations between Prisa and PT on RTP. This investment possibility aims to maximimise shareholder value.
In a communiqué sent to CMVM (Portuguese Securities Commission), Portugal Telecom confirmed on 23 June the existence of negotiations between Prisa Group, owner of TVI, and the Portuguese telecommunications provider. In spite of the information disclosed, the issue is still on the agenda of the media in Portugal, which led to an interview with Zeinal Bava conducted by Judite de Soisa on RTP1.
The chief executive officer reassessed PT’s interest in investing in the domain of television and audiovisual content, aiming to reach the leading position in television in Portugal. He also stressed that above all, if this investment is made it will aim to maximise shareholder value.
Portugal Telecom’s CEO reminded that the interest of the company in the television market emerged in April 2008; therefore these negotiations do not reflect a change in terms of strategy.
Zeinal Bava also informed that the negotiations issue has not even been discussed in PT’s Executive Committee and reminded that if the operation takes place, it will be scrutinised by the regulators thus ensuring the necessary rigour and transparency.
|