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6-K 1 comunicado.htm PT'S SHARE BUY BACK REACHES MORE THAN 2% Provided by MZ Data Products

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of December 2003

Commission File Number 1-13758

PORTUGAL TELECOM, SGPS, S.A.

(Exact name of registrant as specified in its charter)

Av. Fontes Pereira de Melo, 40
1069 - 300 Lisboa, Portugal

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No ___X____

PORTUGAL TELECOM, SGPS, S.A.

Open Company
Registered Offices: Avenida Fontes Pereira de Melo, 40, Lisbon
Share Capital: Euro 1,254,285,000
Registered in the Conservatory of the Commercial Registry of Lisbon
under no. 03602/940706
Collective Person no. 503 215 058

PT’S SHARE BUY BACK REACHES MORE THAN 2%

Pursuant to the terms and for the purposes of subparagraphs a) and b) of no.1 of article 9 of the Portuguese Securities Market Commission Regulation no. 11/2000, Portugal Telecom, SGPS, S.A. (“PT”) announces that, according with the program of own shares acquisition approved at the AGM held on April 4, 2003, has acquired since October 30, 2003 on the Euronext Stock Exchange a total of 13,551,678 PT Shares equivalent to 1.08% of its share capital, as follows:

October 30, 2003 - Acquisition of 600,000 PT shares, equivalent to 0.05% of PT’s share capital, as follows:

191,463 PT shares at Euro 7.13 per share
104,976 PT shares at Euro 7.16 per share
18,088 PT shares at Euro 7.17 per share
22,000 PT shares at Euro 7.18 per share
48,024 PT shares at Euro 7.19 per share
61,288 PT shares at Euro 7.20 per share
117,712 PT shares at Euro 7.21 per share
10,000 PT shares at Euro 7.22 per share
8,449 PT shares at Euro 7.23 per share
3,000 PT shares at Euro 7.24 per share
15,000 PT shares at Euro 7.25 per share

October 31, 2003 - Acquisition of 182,788 PT shares, at Euro 7.22 per share, equivalent to 0.01% of PT’s share capital.

November 3, 2003 - Acquisition of 107,348 PT shares, equivalent to 0.01% of PT’s share capital, as follows:

10,000 PT shares at Euro 7.24 per share
824 PT shares at Euro 7.27 per share
45,454 PT shares at Euro 7.28 per share
1,070 PT shares at Euro 7.29 per share
50,000 PT shares at Euro 7.30 per share

November 4, 2003 - Acquisition of 288,197 PT shares, equivalent to 0.02% of PT’s share capital, as follows:

59,470 PT shares at Euro 7.25 per share
42,070 PT shares at Euro 7.26 per share
43,197 PT shares at Euro 7.27 per share
143,460 PT shares at Euro 7.28 per share

November 5, 2003 - Acquisition of 298,966 PT shares, equivalent to 0.02% of PT’s share capital, as follows:

13,030 PT shares at Euro 7.28 per share
16,658 PT shares at Euro 7.29 per share
150,782 PT shares at Euro 7.30 per share
98,578 PT shares at Euro 7.31 per share
19,918 PT shares at Euro 7.32 per share

November 6, 2003 - Acquisition of 507,950 PT shares, equivalent to 0.04% of PT’s share capital, as follows:

50,000 PT shares at Euro 7.24 per share
146,578 PT shares at Euro 7.25 per share
50,631 PT shares at Euro 7.26 per share
148,805 PT shares at Euro 7.27 per share
61,936 PT shares at Euro 7.28 per share
50,000 PT shares at Euro 7.30 per share

November 7, 2003 - Acquisition of 271,988 PT shares, equivalent to 0.02% of PT’s share capital, as follows:

91,988 PT shares at Euro 7.30 per share
25,000 PT shares at Euro 7.31 per share
105,000 PT shares at Euro 7.32 per share
50,000 PT shares at Euro 7.33 per share

November 10, 2003 - Acquisition of 150,000 PT shares, equivalent to 0.01% of PT’s share capital, as follows:

12,539 PT shares at Euro 7.36 per share
29,664 PT shares at Euro 7.45 per share
3,965 PT shares at Euro 7.48 per share
100,680 PT shares at Euro 7.50 per share
3,152 PT shares at Euro 7.51 per share

November 11, 2003 - Acquisition of 600,000 PT shares, equivalent to 0.05% of PT’s share capital, as follows:

154,146 PT shares at Euro 7.48 per share
199,960 PT shares at Euro 7.49 per share
245,894 PT shares at Euro 7.50 per share

November 12, 2003 - Acquisition of 170,000 PT shares, equivalent to 0.01% of PT’s share capital, as follows:

40,000 PT shares at Euro 7.54 per share
75,000 PT shares at Euro 7.55 per share
30,000 PT shares at Euro 7.56 per share
20,000 PT shares at Euro 7.57 per share
5,000 PT shares at Euro 7.58 per share

November 13, 2003 - Acquisition of 300,000 PT shares, equivalent to 0.02% of PT’s share capital, as follows:

26,528 PT shares at Euro 7.73 per share
80,241 PT shares at Euro 7.74 per share
92,364 PT shares at Euro 7.75 per share
33,000 PT shares at Euro 7.76 per share
67,867 PT shares at Euro 7.77 per share

November 14, 2003 - Acquisition of 600,000 PT shares, equivalent to 0.05% of PT’s share capital, as follows:

75,000 PT shares at Euro 7.73 per share
156,210 PT shares at Euro 7.74 per share
155,000 PT shares at Euro 7.75 per share
63,790 PT shares at Euro 7.76 per share
40,000 PT shares at Euro 7.77 per share
15,000 PT shares at Euro 7.78 per share
50,000 PT shares at Euro 7.79 per share
25,000 PT shares at Euro 7.80 per share
20,000 PT shares at Euro 7.81 per share

November 17, 2003 - Acquisition of 900,000 PT shares, equivalent to 0.07% of its share capital, as follows:

40,000 PT shares at Euro 7.52 per share
25,000 PT shares at Euro 7.53 per share
42,857 PT shares at Euro 7.54 per share
267,785 PT shares at Euro 7.55 per share
15,000 PT shares at Euro 7.56 per share
153,948 PT shares at Euro 7.57 per share
20,000 PT shares at Euro 7.58 per share
140,584 PT shares at Euro 7.59 per share
95,690 PT shares at Euro 7.60 per share
40,300 PT shares at Euro 7.61 per share
8,836 PT shares at Euro 7.62 per share
50,000 PT shares at Euro 7.63 per share

November 18, 2003 - Acquisition of 750,000 PT shares, equivalent to 0.06% of its share capital, as follows:

15,075 PT shares at Euro 7.49 per share
34,925 PT shares at Euro 7.50 per share
50,000 PT shares at Euro 7.51 per share
179,953 PT shares at Euro 7.52 per share
45,047 PT shares at Euro 7.53 per share
185,000 PT shares at Euro 7.55 per share
100,000 PT shares at Euro 7.56 per share
75,000 PT shares at Euro 7.57 per share
25,000 PT shares at Euro 7.58 per share
6,469 PT shares at Euro 7.59 per share
8,531 PT shares at Euro 7.60 per share
25,000 PT shares at Euro 7.61 per share

November 19, 2003 - Acquisition of 100,000 PT shares, equivalent to 0.01% of its share capital, as follows:

6,539 PT shares at Euro 7.51 per share
10,000 PT shares at Euro 7.55 per share
11,914 PT shares at Euro 7.57 per share
35,261 PT shares at Euro 7.58 per share
24,717 PT shares at Euro 7.59 per share
11,569 PT shares at Euro 7.60 per share

November 20, 2003 - Acquisition of 10,000 PT shares, equivalent to 0.001% of its share capital, as follows:

2,000 PT shares at Euro 7.63 per share
8,000 PT shares at Euro 7.64 per share

November 21, 2003 - Acquisition of 100,000 PT shares, at Euro 7.53 per share, equivalent to 0.01% of PT’s share capital.

November 24, 2003 - Acquisition of 200,000 PT shares, equivalent to 0.02% of its share capital, as follows:

40,000 PT shares at Euro 7.52 per share
16,782 PT shares at Euro 7.53 per share
40,000 PT shares at Euro 7.54 per share
6,207 PT shares at Euro 7.55 per share
10,000 PT shares at Euro 7.57 per share
30,360 PT shares at Euro 7.58 per share
22,042 PT shares at Euro 7.60 per share
11,270 PT shares at Euro 7.62 per share
18,082 PT shares at Euro 7.63 per share
5,257 PT shares at Euro 7.64 per share

November 25, 2003 - Acquisition of 150,000 PT shares, equivalent to 0.01% of its share capital, as follows:

10,000 PT shares at Euro 7.60 per share
65,000 PT shares at Euro 7.61 per share
11,048 PT shares at Euro 7.62 per share
10,000 PT shares at Euro 7.63 per share
6,841 PT shares at Euro 7.64 per share
40,000 PT shares at Euro 7.65 per share
7,111 PT shares at Euro 7.66 per share

November 26, 2003 - Acquisition of 375,000 PT shares, equivalent to 0.03% of its share capital, as follows:

27,627 PT shares at Euro 7.72 per share
142,373 PT shares at Euro 7.73 per share
125,000 PT shares at Euro 7.74 per share
30,000 PT shares at Euro 7.76 per share
2,657 PT shares at Euro 7.79 per share
47,343 PT shares at Euro 7.80 per share

November 27, 2003 - Acquisition of 350,000 PT shares, equivalent to 0.03% of its share capital, as follows:

30,000 PT shares at Euro 7.65 per share
17,599 PT shares at Euro 7.66 per share
20,000 PT shares at Euro 7.67 per share
32,401 PT shares at Euro 7.68 per share
40,000 PT shares at Euro 7.69 per share
10,000 PT shares at Euro 7.70 per share
30,000 PT shares at Euro 7.71 per share
31,699 PT shares at Euro 7.77 per share
50,000 PT shares at Euro 7.79 per share
88,301 PT shares at Euro 7.80 per share

November 28, 2003 - Acquisition of 200,000 PT shares, equivalent to 0.02% of its share capital, as follows:

80,607 PT shares at Euro 7.80 per share
29,349 PT shares at Euro 7.82 per share
10,000 PT shares at Euro 7.83 per share
20,000 PT shares at Euro 7.84 per share
11,044 PT shares at Euro 7.85 per share
4,500 PT shares at Euro 7.87 per share
26,045 PT shares at Euro 7.88 per share
18,455 PT shares at Euro 7.90 per share

December 1, 2003 - Acquisition of 20,000 PT shares, at Euro 7.94 per share, equivalent to 0.002% of PT’s share capital.

December 2, 2003 - Acquisition of 565,000 PT shares, equivalent to 0.05% of its share capital, as follows:

14,940 PT shares at Euro 7.87 per share
20,000 PT shares at Euro 7.88 per share
13,302 PT shares at Euro 7.89 per share
71,544 PT shares at Euro 7.90 per share
33,880 PT shares at Euro 7.92 per share
101,334 PT shares at Euro 7.93 per share
100,000 PT shares at Euro 7.94 per share
210,000 PT shares at Euro 7.95 per share

December 3, 2003 - Acquisition of 200,000 PT shares, equivalent to 0.02% of its share capital, as follows:

10,000 PT shares at Euro 7.94 per share
50,000 PT shares at Euro 7.95 per share
17,112 PT shares at Euro 7.96 per share
87,742 PT shares at Euro 7.98 per share
35,146 PT shares at Euro 7.99 per share

December 4, 2003 - Acquisition of 600,000 PT shares, equivalent to 0.05% of its share capital, as follows:

90,000 PT shares at Euro 7.85 per share
25,000 PT shares at Euro 7.86 per share
198,227 PT shares at Euro 7.87 per share
186,773 PT shares at Euro 7.88 per share
10,000 PT shares at Euro 7.92 per share
40,000 PT shares at Euro 7.93 per share
50,000 PT shares at Euro 7.94 per share

December 5, 2003 - Acquisition of 600,000 PT shares, equivalent to 0.05% of its share capital, as follows:

20,000 PT shares at Euro 7.71 per share
21,463 PT shares at Euro 7.72 per share
63,528 PT shares at Euro 7.73 per share
65,000 PT shares at Euro 7.74 per share
122,000 PT shares at Euro 7.75 per share
11,503 PT shares at Euro 7.76 per share
36,800 PT shares at Euro 7.77 per share
38,700 PT shares at Euro 7.79 per share
50,000 PT shares at Euro 7.80 per share
953 PT shares at Euro 7.84 per share
63,050 PT shares at Euro 7.85 per share
50,000 PT shares at Euro 7.86 per share
1,000 PT shares at Euro 7.87 per share
55,003 PT shares at Euro 7.88 per share
1,000 PT shares at Euro 7.89 per share

December 8, 2003 - Acquisition of 250,000 PT shares, equivalent to 0.02% of its share capital, as follows:

150,000 PT shares at Euro 7.62 per share
30,000 PT shares at Euro 7.63 per share
35,000 PT shares at Euro 7.64 per share
25,000 PT shares at Euro 7.65 per share
5,000 PT shares at Euro 7.66 per share
5,000 PT shares at Euro 7.69 per share

December 9, 2003 - Acquisition of 600,000 PT shares, equivalent to 0.05% of its share capital, as follows:

20,371 PT shares at Euro 7.59 per share
25,000 PT shares at Euro 7.60 per share
251,314 PT shares at Euro 7.61 per share
72,056 PT shares at Euro 7.62 per share
45,000 PT shares at Euro 7.63 per share
59,259 PT shares at Euro 7.64 per share
60,000 PT shares at Euro 7.65 per share
15,000 PT shares at Euro 7.67 per share
20,000 PT shares at Euro 7.69 per share
22,000 PT shares at Euro 7.70 per share
10,000 PT shares at Euro 7.71 per share

December 10, 2003 - Acquisition of 404,441 PT shares, equivalent to 0.03% of its share capital, as follows:

235,258 PT shares at Euro 7.55 per share
100,000 PT shares at Euro 7.56 per share
25,000 PT shares at Euro 7.59 per share
17,802 PT shares at Euro 7.61 per share
26,381 PT shares at Euro 7.62 per share

December 11, 2003 - Acquisition of 300,000 PT shares, equivalent to 0.02% of its share capital, as follows:

50,000 PT shares at Euro 7.66 per share
52,598 PT shares at Euro 7.67 per share
15,700 PT shares at Euro 7.69 per share
101,000 PT shares at Euro 7.72 per share
55,000 PT shares at Euro 7.73 per share
4,132 PT shares at Euro 7.78 per share
21,570 PT shares at Euro 7.79 per share

December 12, 2003 - Acquisition of 300,000 PT shares, equivalent to 0.02% of its share capital, as follows:

50,000 PT shares at Euro 7.75 per share
25,000 PT shares at Euro 7.76 per share
50,000 PT shares at Euro 7.77 per share
62,500 PT shares at Euro 7.78 per share
12,500 PT shares at Euro 7.79 per share
25,583 PT shares at Euro 7.80 per share
25,000 PT shares at Euro 7.81 per share
25,000 PT shares at Euro 7.82 per share
24,417 PT shares at Euro 7.84 per share

December 15, 2003 - Acquisition of 300,000 PT shares, equivalent to 0.02% of its share capital, as follows:

155,336 PT shares at Euro 7.72 per share
44,664 PT shares at Euro 7.73 per share
100,000 PT shares at Euro 7.74 per share

December 16, 2003 - Acquisition of 100,000 PT shares, equivalent to 0.01% of its share capital, as follows:

15,000 PT shares at Euro 7.67 per share
10,000 PT shares at Euro 7.69 per share
25,000 PT shares at Euro 7.70 per share
31,412 PT shares at Euro 7.72 per share
18,588 PT shares at Euro 7.74 per share

December 17, 2003 - Acquisition of 200,000 PT shares, equivalent to 0.02% of its share capital, as follows:

416 PT shares at Euro 7.70 per share
81,019 PT shares at Euro 7.71 per share
118,565 PT shares at Euro 7.72 per share

December 18, 2003 - Acquisition of 600,000 PT shares, equivalent to 0.05% of its share capital, as follows:

386 PT shares at Euro 7.68 per share
50,000 PT shares at Euro 7.69 per share
549,614 PT shares at Euro 7.70 per share

December 19, 2003 - Acquisition of 1,300,000 PT shares, equivalent to 0.10% of its share capital, as follows:

92,236 PT shares at Euro 7.65 per share
397,363 PT shares at Euro 7.66 per share
546,148 PT shares at Euro 7.67 per share
192,055 PT shares at Euro 7.68 per share
72,198 PT shares at Euro 7.69 per share

Additionally, we inform that after these acquisitions PT holds 26,117,127 of its own shares, equivalent to 2.08% of its share capital.

Lisbon, December 19, 2003

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: December 19, 2003

PORTUGAL TELECOM, SGPS, S.A.

By:	/S/ Vitor Sequeira
	Vitor Sequeira Manager of Investor Relations

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.