Unassociated Document
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________

SCHEDULE TO
(RULE 14d-100)
Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934

______________________


PORTUGAL TELECOM, SGPS, S.A.
(Name Of Subject Company (Issuer))
______________________

SONAE, SGPS, S.A.
SONAECOM, SGPS, S.A.
(Names of Filing Persons (Offerors))
______________________

ORDINARY SHARES
AMERICAN DEPOSITARY SHARES
(Title of Class of Securities)
______________________

Ordinary Shares (ISIN: PTPTC0AM0009)
American Depositary Shares (CUSIP: 737273102)
(CUSIP Number of Class of Securities)
______________________

 

Andre Sousa
Sonae, SGPS, S.A.
Luisa Ferriera
Sonaecom, SGPS, S.A.
   
Lugar do Espido, Via Norte
4471-909 Maia, Portugal
Tel: +351220121717
Rua Henrique PousAo, 432
4460-481 Senhora da Hora, Portugal
Tel: +351229572270

(Name, address and telephone numbers of person authorized
to receive notices and communications on behalf of filing persons)
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CALCULATION OF FILING FEE
   
Transaction Valuation(1)
Amount of Filing Fee(1)
Not Applicable
Not Applicable

(I) No filing fee is required pursuant to General Instruction D of Schedule TO.

¨
Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

Amount Previously Paid:
  
Filing Party:
     
Form or Registration No.:
  
Date Filed:

 
x
Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer:
 
Check the appropriate boxes below to designate any transactions to which the statement relates:

x
third-party tender offer subject to Rule 14d-1.

¨
issuer tender offer subject to Rule 13e-4.

¨
going-private transaction subject to Rule 13e-3.

Check the following box if the filing is a final amendment reporting the results of the tender offer: o
 
 
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TABLE OF CONTENTS
Item 12: EXHIBITS

(a)(5)(i)
Earnings announcement released on October 30, 2006 relating to the unaudited financial results of Sonaecom, SGPS, S.A. for Q3 2006.


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