About PT

Portugal Telecom is a global telecommunications operator with 100 million clients worldwide. In Portugal, where it holds a leading position in the markets in which operates, PT provides a wide portfolio of telecoms, multimedia and IT and fixed and mobile services, including broadband access, voice and television, acting in all segments of the telecommunications sector: personal, residential, enterprise solutions and wholesale. Portugal Telecom assumes itself as the leading Portuguese telecoms operator with a wide and solid international presence, particularly in Brazil and Africa. PT has a diversified business portfolio in which quality and innovation are key aspects, aiming at positioning PT as a leading edge operator in the international arena. Fore more information, visit: www.telecom.pt

Portugal Telecom is listed on the Euronext and New York Stock Exchange, through a full listing of its ADR program, and is present in the reference Portuguese index and in the benchmark sustainability indexes, DJ Sustainability and FTSE4GOOD. Information about the company is available in Reuters via the code PTC.LS and PT and in Bloomberg via the code PTC PL.com.pt

About VeliQ

VeliQ delivers the only enterprise mobility Platform as a Service (mPaaS ) solution for true mobility enablement. Described by IDC as "relevant and unique," VeliQ’s mPaaS™ offers industry leading cross- platform mobile device management, application management, content management, and security as well as back-end integration in one unified console. With VeliQ’s mPaaS , end-users receive a highly scalable, multi-tenant, enterprise-grade mobility enablement platform that can be deployed in minutes and is currently implemented via our partners in over 60 countries across pharmaceutical, public sector, airline, financial, retail and apparel sectors. VeliQ is headquartered in the Netherlands, with offices in the United States, UK, Denmark and Germany. For more information, please visit www.veliq.com.

Copyright Business Wire 2010

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