Lisbon, Portugal, 13 August 2007 – Portugal Telecom announced the establishment of a strategic partnership with Helios Investors LP (Helios), a fund advised by Helios Investment Partners LLP, for the sub-Saharan telecommunications market. Under the terms of the agreement, Helios initially acquired a 22% stake in “Africa Holding”, the holding company that will aggregate all of PT’s current interests in sub-Saharan Africa.

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