Lisbon-listed holding company Portugal Telecom SGPS SA owns a 25.6 percent stake in Oi, which now holds Portugal Telecom's operating assets in Portugal after a merger between the two companies. Oi agreed to separate the assets for the sale from Portugal Telecom's investments in Africatel GmbH, Timor Telecom SA and Rioforte Investments, Oi said in a securities filing.
($1 = 0.8125 euros)
(Reporting by Guillermo Parra-Bernal; Editing by James Dalgleish)