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General

Dos Santos Portugal Telecom bid aims for synergies

Friday 5 December 2014 | 11:02 CET | News
The takeover bid for holding company Portugal Telecom SGPS launched by Angolan investor Isabel dos Santos is aimed at becoming a key shareholder in Brazilian operator Oi and to reap synergies in the Portuguese-speaking telecommunications sector worldwide. Dos Santos wants to link Portugal Telecom, Oi and Angolan operator Unitel if she succeeds in her bid for PT SGPS, which has a 26 percent stake in Oi, Mario Silva, a board member of her company Terra Peregrin, told Reuters. He added that the bid for Portugal Telecom SGPS will only go ahead if Oi does not sell Portugal Telecom's operations in

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Categories: General
Companies: Altice Europe / Oi / Portugal Telecom / Unitel
Countries: Angola / Brazil / Portugal
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