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Europe's highest court rules against Portugal for blocking Telefonica's (TEF -0.5%) €7.15B...

Europe's highest court rules against Portugal for blocking Telefonica's (TEF -0.5%) €7.15B ($9.04B) bid to buy Portugal Telecom's (PT -1.8%) stake in their Vivo (VIV) JV. Portugal is expected to divest its shares, but it could take months to implement the ruling.
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