August 30, 2014 10:22 AM ET

Diversified Financial Services

Company Overview of Portugal Telecom International Finance B.V.

Company Overview

Portugal Telecom International Finance B.V. operates as a financing company for the Portugal Telecom group. It raises finance in the international capital markets and finances the PT Group through the subscription of debt issued by entities belonging to the PT Group, including Portugal Telecom, SGPS, S.A.; TMN – Telecomunicações Móveis Nacionais, S.A.; PT Comunicações, S.A.; and PT Portugal, SGPS, S.A. The company was incorporated in 1998 and is based in Amsterdam, the Netherlands. Portugal Telecom International Finance B.V. is a subsidiary of Portugal Telecom, SGPS, S.A.

Naritaweg 165

Amsterdam,  1043 BW

Netherlands

Founded in 1998

Key Executives for Portugal Telecom International Finance B.V.

Chief Executive Officer of Portugal Telecom
Age: 48
Managing Director and Director
Age: 47
Managing Director and Director
Age: 38
Managing Director and Director
Managing Director and Director
Compensation as of Fiscal Year 2014.

Portugal Telecom International Finance B.V. Key Developments

Portugal Telecom Intnl Fin BV Reports Consolidated Earnings Results for the First Quarter of 2014

Portugal Telecom Intnl Fin BV reported consolidated earnings results for the first quarter of 2014. For the quarter, the company reported operating revenues amounted to EUR 690 million and consolidated EBITDA stood at EUR 279 million. Net income was negative EUR 15 million in first quarter of 2014. Capex amounted to EUR 103 million, equivalent to 14.9% of revenues, while capex from Portuguese telecommunications businesses stood at EUR 80 million, down by 19.8% year on year, reflecting again the end of the investment cycle occurred in previous years at Portuguese operations in the modernization of networks and in technology. Operating cash flow stood at EUR 127 million, while free cash flow amounted to a negative amount of EUR 73 million. As at March 31, 2014, net debt amounted to EUR 4,879 million.

Portugal Telecom International Finance B.V. Declares Dividend, Payable on May 30, 2014

Portugal Telecom International Finance B.V. declared dividend per share with gross amount of EUR 0.10, withholding tax IRS/IRC(28%/25%) of EUR 0.028/EUR 0.025, net amount of EUR 0.075, payable on May 30, 2014. The ex-right date will be 27 May 2014, and the record date will be 29 May 2014.

Portugal Telecom International Finance B.V., Annual General Meeting, Apr 30, 2014

Portugal Telecom International Finance B.V., Annual General Meeting, Apr 30, 2014., at 15:00 W. Europe Standard Time. Location: Avenida Fontes Pereira de Melo # 40.

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