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General

PT sale should be concluded in a week - report

Friday 31 October 2014 | 13:58 CET | News
The negotiations for the sale of the Portuguese assets of Brazilian operator Oi are in an advanced stage and should be completed next week, reports O Estado de Sao Paulo, based on information from sources close to the discussions. As a result, Oi will find the room to formalize a proposal for the purchase of TIM Brasil with Vivo and Claro later this month. There are reportedly three bid proposals for Portugal Telecom. The company aims to receive at least EUR 7 billion and thereby reduce its debt and increase financial flexibility. The deal will be sealed by whoever offers the greatest amount,

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Categories: General
Companies: Altice Europe / Claro / Oi / Portugal Telecom / TIM Brasil / Vivo
Countries: Brazil / Portugal
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