PT Portugal recorded last year losses of 2,500 million euros.
In a statement sent to the Portuguese Securities Market Commission (CMVM), the operator specifies that the value is the result of accounting-related effects the merger between PT and the Hi and the sale to Altice.
The investment in debt Rioforte, worth 900 million euros, the devaluation of the shares of Hi and the real exchange rate contributed to the losses.
The company explains that the value determined in December last year is not comparable to 2013 when the loss was 139 million euros.
No comments:
Post a Comment