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.
| ANNOUNCEMENT |  |
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 The Capital Group Companies, Inc. ("CGC"), a company with registered office at 333 South Hope Street, 55 th Floor, Los Angeles, CA 90071, USA, notified Portugal Telecom, SGPS, S.A. ("PT") that, as of 1 March 2007, it held, through the entities indicated below, 22,996,339 shares corresponding to 2.037% of the share capital and voting rights in PT.
| No. of Shares and Voting Rights |
% of Share Capital and Voting Rights |
|
| Capital Research and Management Company | 22,161,308 | 1.9632% |
| Capital International Limited | 723,418 | 0.0641% |
| Capital International S.A. | 111,613 | 0.099% |
| Total | 22,996,339 | 2.0372% |
CGC also informed that the management companies that form part of its group are authorised to exercise the following voting rights in PT:
| No. of Shares and Voting Rights |
% of Share Capital and Voting Rights |
|
| Capital Research and Management Company | 22,161,308 | 1.9632% |
| Capital International Limited | 297,465 | 0.0264% |
| Capital International S.A. | 50,100 | 0.0044% |
| Total | 22,508,873 | 1.9940% |
In addition, CGC has also informed that its investment management business is divided into two operational groups represented by Capital Research and Management Company, with offices at 333 South Hope Street , 55 th Floor, Los Angeles , CA 90071 , USA , and Capital Group International, Inc., with offices at 11100 Santa Monica Blvd. , 15 th Floor, Los Angeles , CA 90025 , USA .
Capital Group International, Inc. is the parent company of Capital International Limited, a company with offices at 40 Grosvenor Place , London SW1X 7GG , United Kingdom , and Capital International S.A., a company with offices at 3 Place des Bergues, 1201 Geneva , Switzerland .
Lisbon , 5 March 2007
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PORTUGAL TELECOM, SGPS, S.A.
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| By: |
/S/
Nuno Prego
| |
|
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.