Zacks Analyst Blog Highlights: Oi Participacoes, Portugal Telecom, Brasil Telecom, Vivo and Spanish Telefonica

Chicago, IL – June 25, 2009 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Oi Participacoes (TNE - Analyst Report), Portugal Telecom (PT - Snapshot Report), Brasil Telecom (BRP), Vivo (VIV - Snapshot Report) and Spanish Telefonica (TEF - Analyst Report).

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Here are highlights from Wednesday’s Analyst Blog:

Oi & Portugal Telecom to Team?

According to the Brazilian papers, Oi Participacoes (TNE - Analyst Report) and Portugal Telecom (PT - Snapshot Report) have been talking about some kind of cooperation. It is not clear what would be implemented, but we have some guesses:

After the acquisition of Brasil Telecom (BRP), Oi Participacoes is now a wireline monopoly in Brazil, with a huge presence in the fast-growing wireless market, and we believe it is time for the company to pursue geographical diversification.

On the other side, Portugal Telecom needs diversification; its operation in Portugal is mature and cannot expand. Portugal Telecom has a 50% stake in control of Vivo (VIV - Snapshot Report) together with Spanish Telefonica (TEF - Analyst Report), though we have been saying for quite some time that we believe Telefonica will acquire PT's share on Vivo -- they have been pressuring for this in the last two years.

The deal with Oi Participacoes could be a good way for PT to continue its international expansion, now that the deal with Spanish Telefonica does not seem so perfect anymore.

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