PT » Topics » Exchange rate exposure

This excerpt taken from the PT 6-K filed Sep 1, 2009.
Exchange rate exposure: Portugal Telecom holds financial investments in foreign countries whose currency is not the Euro, namely Brazil and several African countries. Exchange rate fluctuations of those currencies against Euro can impact Portugal Telecom financial position and results. Portugal Telecom does not have a hedging policy regarding the value of the financial investments, however the Executive Committee analyses the execution of cash flow hedging of the dividends and other capital income.

 

This excerpt taken from the PT 6-K filed Apr 7, 2009.
Exchange rate exposure: Portugal Telecom holds financial investments in foreign countries which currency is not the Euro, namely Brazil and several African countries. Exchange rate fluctuations of those currencies against Euro affect the translation of the results attributable to Portugal Telecom and therefore impact Portugal Telecom financial position and results. Portugal Telecom does not have a hedging policy regarding the financial investment amount, notwithstanding the Executive Committee analyzes the execution of cash flow hedging of the dividends and other capital income.

 

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This excerpt taken from the PT 20-F filed Apr 21, 2006.

Exchange Rate Exposure

Pursuant to the cancellation of the interest rate component of certain U.S. Dollar/Euro cross currency swaps, as of 31 December 2005 Portugal Telecom maintains foreign exchange options and forwards, with a net notional amount of 200 million Euros and an average maturity of 3.3 years.

This excerpt taken from the PT 6-K filed Apr 12, 2006.

Exchange Rate Exposure

Pursuant to the cancellation of the interest rate component of certain U.S. Dollar/Euro cross currency swaps, as of 31 December 2005 Portugal Telecom maintains foreign exchange options and forwards, with a net notional amount of 200 million Euros and an average maturity of 3.3 years.

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