Portugal Telecom, SGPS S.A. ("PT") filed, on 11 March 2014, the Information Statement related to the combination of PT and Oi businesses with the U.S. Securities and Exchange Commission (the "SEC").

Contacts:Nuno Vieira, Investor Relations Director
nuno.t.vieira@telecom.pt
Tel: +351 21 500 1701
Fax: +351 21 500 0800
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