Portugal Telecom shares slip after $8.7 billion deal postponed amid mounting problems

January 13, 2015 11:00 AM

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LISBON, Portugal – Portugal Telecom shares are being battered amid fresh concerns over the company's future.

Following an initial 12 percent decline, the company's share price was down 3.2 percent, to 0.69 euros, at lunchtime Tuesday. The fall came a day after the postponement of a shareholder decision on whether to sell the troubled company to France's Altice for 7.4 billion euros.

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