0
General

Oi to prefer Altice bid for PT Portugal – report

Thursday 20 November 2014 | 10:01 CET | News
Brazilian operator Oi is expected to favour the bid submitted by Altice for PT Portugal, although the Apax and Bain funds bid EUR 50 million higher. Isabel dos Santos will be out of the running, as Oi prefers a shareholder who does not interfere in the restructuring process, reports Valor Economico. The newspaper said that Oi is in a hurry to complete the operation and therefore will opt for Altice. In a related development, Bloomberg has reported that the company has called for binding bids by 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: Altice Europe / Oi / PT
Countries: Brazil / 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

Oi approves PT Portugal sale to Altice

Published 09 Dec 2014 09:14 CET | Portugal
Brazilian operator Oi's board has approved the sale of PT Portugal to Altice. A week after agreeing exclusive talks with Altice, ...

Dos Santos Portugal Telecom bid aims for synergies

Published 05 Dec 2014 11:02 CET | Angola
The takeover bid for holding company Portugal Telecom SGPS launched by Angolan investor Isabel dos Santos is aimed at becoming a ...

Apax/Bain prepared to up bid for PT Portugal - report

Published 02 Dec 2014 18:51 CET | Portugal
The consortium made up of the investment funds Apax and Bain and Portuguese conglomerate Semapa is able to improve its bid for PT ...

Oi picks Altice for exclusive talks on PT Portugal sale

Published 01 Dec 2014 08:28 CET | Portugal
Altice announced that it has entered into an exclusivity agreement with Oi to negotiate the purchase of the Portuguese assets of ...

Angola's dos Santos maintains bid price for Portugal Telecom

Published 28 Nov 2014 09:01 CET | Portugal
Angola's Isabel dos Santos will maintain her takeover offer of EUR 1.35 a share for Portugal Telecom, considering it fair despite ...

CTT rules out part in PT Portugal bid

Published 27 Nov 2014 15:46 CET | Portugal
Portugal's national post service CTT has ruled out participation in the consortium of investment funds Apax and Bain to acquire ...

Oi seeks improved bids for Portuguese assets - report

Published 13 Nov 2014 13:53 CET | Brazil
Brazilian operator Oi is seeking a seeking a better offer from two bidders for its Portuguese assets, reports Folha de Sao Paulo. ...

Angolan bidder offers changes to Portugal Telecom bid terms

Published 12 Nov 2014 11:08 CET | Angola
Angolan investor Isabel dos Santos is willing to change the terms of her bid to buy Portugal Telecom if necessary, to prevent ...

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 ...

Nos shareholder makes offer for Portugal Telecom

Published 10 Nov 2014 09:20 CET | Portugal
Isabel dos Santos, the daughter of Angola's president, has launched a takeover bid for Portugal Telecom. In a statement published ...

PT unions want government intervention to prevent sale

Published 04 Nov 2014 17:12 CET | Portugal
The Union of Workers of Portugal Telecom (STPT) has asked for intervention by the Portuguese government to prevent the sale of PT ...

Altice bids over EUR 7 billion for PT Portugal

Published 03 Nov 2014 08:30 CET | Portugal
Altice has made a binding offer to acquire the Portuguese assets of Portugal Telecom from Oi for EUR 7.025 billion. The offer ...