Brazil's Oi backs delay of Portugal Telecom shareholder assembly

lunes 12 de enero de 2015 13:37 GYT

SAO PAULO Jan 12 (Reuters) - Brazilian telecommunications company Oi SA said on Monday it supported a decision by shareholders of merger partner Portugal Telecom SGPS SA to postpone a shareholder assembly to approve a 7.4 billion euro ($8.8 billion) asset sale.

Oi said in an emailed statement that it supported the decision to delay a vote on the deal with telecom group Altice SA in order to provide more information requested by Portuguese securities regulator CMVM.

($1 = 0.85 euros) (Reporting by Brad Haynes; Editing by David Gregorio)