0
General

France Telecom reaches deal to sell Sonaecom stake

Friday 15 February 2013 | 21:12 CET | News
Portuguese conglomerate Sonae and France Telecom-Orange have entered into a put and call option agreement on 15 February that will allow Orange to divest its entire 20 percent stake in the Portuguese telecommunications operator Sonaecom. Sonae already holds a 53.17 percent stake of Sonaecom. The call is exercisable by Sonae over the next 18 months and the put will be exercisable by France Telecom during the 3 months following this initial period. They are both exercisable at the same price of EUR 98.9 million. The price could be increased to EUR 113.5 million if Sonaecom participates in a

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: General
Companies: France Telecom / Orange / Sonaecom / Zon Multimedia
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

Sonae exercices call option to buy FT stake in Sonaecom

Published 28 Aug 2013 15:45 CET | Portugal
Portuguese group Sonae announced that it has given notice to France Telecom for the exercise of the call option aver the 20 ...

Orange to offer services at Optimus shops

Published 12 Jul 2013 10:39 CET | Portugal
Portuguese operator Optimus announced a new agreement with Orange to service Orange customers in Portugal. Orange will offer ...

France Telecom allowed to end voting rights in Sonaecom

Published 21 Mar 2013 17:18 CET | Portugal
Portuguese stock market regulator CMVM has ruled in favour of the Sonae group and suspended the voting rights of France Telecom ...

Sonaecom FY net profit up 21%, Optimus EBITDA up 4.7%

Published 11 Mar 2013 09:43 CET | Portugal
Profits at Portuguese multimedia company Sonaecom, which owns mobile telephony operator Optimus, rose 21 percent last year ...

Telecom on the way to a new division of markets

Published 05 Mar 2013 15:59 CET | Europe
European incumbent operators, via their lobby group ETNO, recently called for the EC to allow more market consolidation with less ...

Zon, Optimus boards agree merger

Published 22 Jan 2013 10:10 CET | Portugal
The boards of directors of Portuguese operators Zon Multimedia and Optimus have approved the merger project proposed in December ...

Zon Multimedia starts formal negotiations on Optimus merger

Published 19 Dec 2012 16:27 CET | Portugal
Portuguese operator Zon Multimedia's board has decided to delegate to the executive committee the negotiations with the ...

France Telecom still plans to sell Sonaecom stake

Published 19 Dec 2012 09:06 CET | Portugal
France Telecom has confirmed its intention to sell its 20 percent stake in Portuguese operator Sonaecom. The press office of the ...

Orange aims to sell Austrian, Portuguese stakes ASAP - CEO

Published 02 Sep 2011 09:28 CET | Europe
France Telecom has decided to sell its 35 percent stake in Orange Austria and 20 percent holding in Portuguese mobile operator ...

France Telecom could find ready buyers for Sonaecom stake

Published 30 Jul 2011 08:01 CET | Portugal
France Telecom would find it easy to sell its 20 percent stake in Portuguese operator Sonaecom if it decides to do so, Miguel ...

France Telecom mulls asset strategy for Portugal, Austria

Published 25 May 2011 10:17 CET | Europe
France Telecom is reviewing the future of its European portfolio with a focus on its minority stakes in Portugal and Austria, ...

Sonaecom approves maiden dividend

Published 29 Apr 2011 11:03 CET | Portugal
Shareholders of Portuguese operator Sonaecom approved at its General Assembly on 27 April the company's first dividend payment ...





Calendar   /   Industry Events

21 Oct Logitech fiscal Q2
21 Oct Brand Marketing and Digital Summit
21 Oct Report: Dutch TV-Video Market 2019-Q2
22 Oct Grameenphone Q3 2019
22 Oct Snap Q3 2019
22 Oct DNA Q3 2019
22 Oct Calix Q3 2019
22 Oct MWC Los Angeles 2019
23 Oct Orange Belgium Q3 2019
23 Oct Telenor Q3 2019
23 Oct Millicom Q3 2019
23 Oct Rogers Communications Q3 2019
23 Oct Microsoft fiscal Q1
23 Oct Netgear Q3 2019
23 Oct Annual Customer Service Summit
24 Oct Netia Q3 2019
24 Oct Comcast Q3 2019
24 Oct Nokia Q3 2019
24 Oct Juniper Networks Q3 2019
24 Oct Norwegian telecoms market H1 report
24 Oct Smith Micro Q3 2019
24 Oct Nordic Entertainment Q3 2019
24 Oct Amazon Q3 2019
24 Oct HKBN fiscal FY
24 Oct Verisign Q3 2019
24 Oct STMicroelectronics Q3 2019
24 Oct Maxlinear Q3 2019
24 Oct Televisa Q3 2019
25 Oct Shaw Communications fiscal Q4
25 Oct Charter Communications Q3 2019
::: More Calendar Items