Zon tipped as Cabovisao buyer

Portuguese pay-TV and media company Zon is being tipped as the favourite to buy Cabovisao, the Portuguese cable company owned by Canadian MSO Cogeco.

Reports suggest the Canadian company wants to exit the Portuguese market although it reaffirmed its commitment to Cabovisao earlier this year. Investment bank UBS said this week that Zon, which owns cable and DTH operations, is most likely buyer should a sale take place.