Altice seeks exclusive talks with Oi over Portugal Telecom

Thursday 9 October 2014 | 17:23 CET | News
Altice is seeking exclusive talks with Brazilian operator Oi to purchase Portugal Telecom, Reuters reported, citing sources familiar with the process. Altice believes it will be able to soon close a deal, valuing Portugal Telecom at EUR 6-6.5 billion, the sources said. The two sides have already discussed issues such as price and proposed deal structures, and exchanged information on the business.

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Categories: General
Companies: Altice Europe / Portugal Telecom
Countries: Brazil / Portugal
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