|Bid||0.150 x 0|
|Ask||0.230 x 0|
|Day's Range||0.189 - 0.202|
|52 Week Range||0.159 - 0.478|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A magistrate for Brazil's Superior Court of Justice has issued an injunction that hands telecommunications firm Oi SA at least a temporary victory over shareholder Pharol SGPS SA in an ongoing legal dispute, the company said on Wednesday. In a securities filing, Oi said that magistrate Marco Buzzi had "provisionally" awarded jurisdiction in the dispute to a commercial court in Rio de Janeiro over an arbitration body that Pharol had appealed to. In December, creditors approved a plan giving them much of Oi's equity, and a Brazilian judge approved it in January, though many shareholders such as Pharol objected.
Former Portuguese prime minister Jose Socrates was indicted on graft and money laundering charges on Wednesday in a vast corruption investigation that he has dismissed as politically-motivated. Socrates has repeatedly denied wrongdoing and his lawyer Joao Araujo said he would fight the charges contained in the more than 4,000-page indictment. "The 4,000 pages are part of a spectacle, they only serve to make believe that there is something, when there is nothing," Araujo told reporters.
Portugal Telecom was hit on Friday by a cyber attack but no services were impacted, a spokeswoman for the company said. "We were the target of an attack, like what is happening in all of Europe, a large scale-attack, but none of our services were affected," a Portugal Telecom spokeswoman told Reuters. Portugal Telecom was taking all measures necessary, together with national authorities, to resolve the situation, she said.