Oi Announces Merger with Portugal Telecom

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After a number of restructurings – effective and ineffective ones – last Monday Oi announced the merger of its operations with its co-controlling company Portugal Telecom.
Considering it is a complex issue, Amec has been attentively analyzing the announced proposal, taking into consideration the frequent problems Oi has had with its minority shareholders for the past years. The topic will be discussed in AMEC’s Technical Commission meeting, to take place on October 16th. After completing its internal governance processes about the case, the association will timely communicate its conclusions.