SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

 

For the month of June 2008

Commission File Number 1-13758

 

 

PORTUGAL TELECOM, SGPS, S.A.

(Exact name of registrant as specified in its charter)

 

Av. Fontes Pereira de Melo, 40
1069 - 300 Lisboa, Portugal

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form
20-F or Form 40-F.

Form 20-F       X       Form 40-F              

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.

Yes               No       X      

 

 


 

 

 

Announcement 9 June 2008, Lisbon

Qualified Holding

 

 

Portugal Telecom, SGPS, S.A. (“PT”) informs that the Credit Suisse Group now holds less than 2% (two percent) of the voting rights corresponding to its share capital.

 

Such new holding resulted from the disposal of PT ordinary shares on regulated market, made on 2 June 2008 by the Credit Suisse Group. As a result, a total holding of 18,444,333 ordinary shares representing 1.96% of the share capital and voting rights in PT is now attributed to the Credit Suisse Group, through the following entities:

 

-

 

Credit Suisse Securities (Europe) Ltd. holds 5,176,234 ordinary shares representing 0.55% of the share capital and voting rights in PT;

 

 

 

-

 

Credit Suisse International holds 12,471,086 ordinary shares representing 1.32% of the share capital and voting rights in PT;

 

 

 

-

 

Credit Suisse Securities (USA) LLC holds 647,300 ordinary shares representing 0.07% of the share capital and voting rights in PT;

 

 

 

-

 

Credit Suisse Private Banking holds 149,713 ordinary shares representing 0.02% of the share capital and voting rights in PT.

 

Credit Suisse Securities (Europe) Ltd., Credit Suisse International, Credit Suisse Securities (USA) LLC and Credit Suisse Private Banking are under the direct control of Credit Suisse (International) Holding.

 

This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code, following a communication received from the Credit Suisse Group.

 

 

Portugal Telecom, SGPS, SA

Avenida Fontes Pereira de Melo, 40

1069-300 Lisbon

Portugal

www.telecom.pt

 

Public company

Share capital _ Euro 28,277,855.31

Registered in the Commercial

Registry Office of Lisbon

and Corporation no. _ 503 215 058

Portugal Telecom is listed on the Euronext and New York Stock Exchange. Information may be accessed on the Reuters under the symbols PTC.LS and PT and on Bloomberg under the symbol PTC PL.

Nuno Vieira

Investor Relations Director

nuno.t.vieira@telecom.pt

Tel.: +351 21 500 1701

Fax: +351 21 500 0800

http://ir.telecom.pt

 

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SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: June 9, 2008

 

 

PORTUGAL TELECOM, SGPS, S.A.

 

 

 

By:

/s/ Nuno Vieira

 

 

 

Nuno Vieira

Investor Relations Director

 

 

 

 

FORWARD-LOOKING STATEMENTS

 

This document 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.