BES Rattles PT/Oi Deal - Presented by: The Aol. On Network

Banco Espirito Santo's problems spreading further. The latest victim - Portugal Telecom. It's agreed to revise terms of a merger with Brazil's Oi to reflect Telecom's lower valuation. That's after a holding company of the financially troubled Espirito Santo family failed to repay it a nearly $1 billion loan. This merger is one of the most important deals for Portugal in recent years.



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