0
Broadband

Altice says Nowo respecting debt payment plan

Monday 13 May 2019 | 11:12 CET | News
The Oni/Nowo group is respecting the payment plan agreed with Altice Portugal (Meo) to settle the debt towards the company, according to the financial director of Altice Portugal, Alexandre Matos, reports Jornal Economico. Altice filed a request for insolvency of Oni last September to recover its debt, but has since withdrawn the case. In November, Oni agreed with Altice Portugal a payment plan of around EUR 8 million, and more than half of the amount has already been paid. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Altice Portugal / Meo / Nowo / Oni
Countries: Portugal
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

KKR eyes sale of part of Portuguese telecom assets to MasMovil - report

Published 14 May 2019 14:43 CET | Portugal
US fund KKR is negotiating to sell part of its telecommunications assets in Portugal, reports Spanish daily El Economista. One of ...

Oni and Nowo to fire more than 50 employees

Published 03 Dec 2018 10:57 CET | Portugal
Portuguese telecom operators Oni and Nowo, the subject of a takeover by US fund manager KKR, will dismiss more than 50 employees, ...

Altice withdraws request for Oni insolvency following debt deal - report

Published 08 Nov 2018 14:29 CET | Portugal
Portuguese operator Oni, owned by Nowo, has reached an agreement to repay its debt to Altice. As a result, the owner of Meo has ...

Altice Portugal seeks insolvency of Nowo's Oni

Published 24 Sep 2018 11:17 CET | Portugal
Altice Portugal has requested the insolvency of Oni, a wholesaler controlled by Nowo, the operator that has an agreement with ...