Altice could divest Cabovisao and Oni to clear EU competition hurdles over EUR 7.4bn PT Portugal acquisition
Altice could divest the Portuguese telcos Cabovisao and Oni to side-step EU competition issues over its EUR 7.4bn acquisition of PT Portugal from Oi, reported Publico.
The Lusophone paper cited Altice CEO Dexter Goei as saying the French telco wants to reach swift agreement with EU anti-trust authorities to conclude its PT Portugal acquisition from Brazilian telco Oi.
In Portugal, Altice already owns Oni and Cabovisao and Goei said these could be offloaded to satisfy EU competition authorities over the PT Portugal deal. Rival Portuguese operators Vodafone and Nos would be interested in these potential asset disposals by Altice, he added.
Publico