Portugal Telecom's domestic assets sold for $8.4 billion as part of Brazilian merger

January 22, 2015 7:30 PM

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LISBON, Portugal – Portugal Telecom shareholders have approved the sale of the company's Portuguese assets to France's Altice for 7.4 billion euros ($8.4 billion).

Portugal Telecom SGPS, SA said the sale was endorsed at a shareholder meeting Thursday.

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