Oni and Nowo to fire more than 50 employees

Monday 3 December 2018 | 10:57 CET | News
Portuguese telecom operators Oni and Nowo, the subject of a takeover by US fund manager KKR, will dismiss more than 50 employees, reports Publico.pt. The collective dismissal comes at a time when the companies are showing signs of financial difficulties that led to the end of the supply contract for the Sport TV service at Nowo, allegedly due to lack of payment, and an application for insolvency of Oni by Altice. In addition, Nowo is involved in a dispute with Nos, Meo and Vodafone (shareholders of Sport TV) regarding the distribution of premium content of Eleven Sports. Sources told the

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Categories: Fixed
Companies: Eleven Sports / Meo / Nos / Nowo / Oni
Countries: Portugal
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