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**Driving excellence in multimedia and innovation across boundaries**

Singapore, 17 December 2010 – Portugal Telecom SGPS, S.A (PT) and
Singapore Telecommunications Limited (SingTel) recently announced the signing of a collaboration agreement to share operational and commercial best practices in fibre optic and IPTV based pay TV services and to develop innovative applications for ultra high speed fixed and wireless networks.

As leaders in their respective local and international markets, the telco and multimedia synergies between PT and SingTel are clear. As part of this agreement, both companies will tap into each other’s proven expertise and partnership deals, in areas such as IPTV and FTTH, as well as the mobile and business markets.

Portugal Telecom has a long history...

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