Portugal Telecom SGPS shares hit all-time lows after offices searched

A general view of the Portugal Telecom headquarters in Lisbon December 22, 2006. REUTERS/Nacho Doce

LISBON (Reuters) - Shares in Portugal Telecom SGPS fell as much as 10 percent to all-time lows on Wednesday, a day after the Portuguese Prosecutor General's office said it had conducted searches of the company's offices.

The shares fell as low as 0.7280 euros and stood at 0.7380 euros, down 9.0 percent, at 1008 GMT.

(Reporting by Daniel Alvarenga; writing by Axel Bugge; editing by Jason Neely)