0
General

CTT rules out part in PT Portugal bid

Thursday 27 November 2014 | 15:46 CET | News
Portugal's national post service CTT has ruled out participation in the consortium of investment funds Apax and Bain to acquire PT Portugal. Diario Economico reported earlier that CTT will take a 20 percent stake in the consortium set up by Apax and Bain, implying an investment of EUR 200-300 million, financed with its own capital. Market sources also mention the possible participation in the consortium of Semapa, a holding owned by Portuguese businessman Pedro Queiroz Pereira. Apax and Bain were in search of a national partner to launch a binding bid for PT Portugal by the 28 November

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?



Categories: General
Companies: PT
Countries: Portugal
::: add a comment

Add comment

Please login or register to leave a 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

Altice and Portuguese Post Office sign partnership agreement

Published 31 Jul 2015 11:31 CET | Portugal
French group Altice and Portuguese mail service CTT have formalised a partnership agreement which aims to optimise synergies ...

Altice announces partnership with CTT

Published 01 Dec 2014 10:07 CET | Portugal
Telecommunications group Altice said it would partner with Portuguese postal services provider CTT to develop and offer joint ...

Oi to prefer Altice bid for PT Portugal – report

Published 20 Nov 2014 10:01 CET | Brazil
Brazilian operator Oi is expected to favour the bid submitted by Altice for PT Portugal, although the Apax and Bain funds bid EUR ...

Apax, Bain launch rival bid for PT Portugal

Published 12 Nov 2014 09:36 CET | Portugal
The private equity funds Apax Partners and Bain Capital have launched a bid for the Portuguese assets of Brazilian operator Oi ...





Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Elisa Q4 2021
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
::: More Calendar Items