Portugal Telecom

Altice to acquire Cablevision in US$17.7 billion deal

Cable and telecom investor Altice has agreed a US$17.7 billion (€15.7 billion) deal to acquire US cable player Cablevision. Altice boss Patrick Drahi’s latest mega deal will see the Netherlands-based company pay US$34.90 in cash for each share – a premium of about 22% on yesterday’s closing price – in the fourth largest US cable […]

Altice sells Cabovisão to Apax France

Altice has agreed to sell its Portuguese cable subsidiary Cabovisão to private equity group Apax France in line with regulatory demands associated with its acquisition of Portugal Telecom. Altice will sell Cabovisão and business-to-business telco ONI to Apax France, the deal will be subject to regulatory review by the EC and Portuguese authorities. Perella Weinberg […]

‘Quintuple-play’ growth drive Portuguese multi-play market

The number of multi-play packages taken by Portuguese consumers reached 3.1 million at the end of June, up 2.6% on the previous quarter and 12.7% year-on-year, with take up of ‘quintuple-play’ packages growing fastest, according to local regulator Anacom. According to the regulator’s calculations, the number of quintuple play packages – defined as packages including fixed […]

Portuguese broadband growth driven by fibre

Growth in Portuguese broadband was driven by fibre connections in the first quarter of this year, with 50,000 net additions, according to figures compiled by regulator ANACOM. According to the regulator, ADSL still accounts for the largest portion of broadband users, at 37.4% of the total, but with a declining share. Cable accounts for 35.1% […]

Altice closes Portugal Telecom buyout

Altice, the owner of French cable and telecoms giant Numericable-SFR, has closed its €7.4 billion acquisition of Portugal Telecom.  Altice confirmed the completion of the deal in a statement yesterday, after the European Commission gave a green light to the deal in April – on the condition that the cable and telecom investor sells its […]

Portuguese multi-play number rise

The number of subscribers of bundled services in Portugal reached three million at the en d of March, up 2.6% quarter-on-quarter and 12% year-on-year, according to figures compiled by the country’s communications regulator. According to Anacom, 44.4% of bundled subscribers take a triple-play offering, while some 35.7% take five services from the same provider. Revenues […]

Altice gets conditional green light for PT acquisition

The European Commission has given a green light to Altice’s €7.4 billion acquisition of Portugal Telecom under condition that the cable and telecom investor sells its existing assets in the country’s, cable operator Cabovisão and business service provider ONI. The EC had rejected an application by the Portuguese competition regulator to have the file returned […]

Altice planning to sell Cabovisão

Cable and telecom network investor Altice is planning to sell its existing Portuguese cable asset, Cabovisão, clearing the way for the acquisition of Portugal Telecom’s domestic network. Armando Pereira, one of Altice’s founders and a leading Portuguese technology and telecoms entrepreneur, confirmed to Portuguese journalists in Paris on Tuesday that the company was planning to […]

Portugal Telecom shareholders approve sale to Altice

Portugal Telecom’s shareholders have approved the sale of the company’s domestic assets to Altice, the owner of French cable and telecoms giant Numericable-SFR. The approval of the agreement by a 98% majority of shareholders, despite the opposition of some minority shareholders, paves the way for completion of a deal that will see the Luxembourg-based entity […]

Oi approves sale of Portugal Telecom to Altice

Brazilian telco Oi has approved the sale of its shares in Portugal Telecom to France’s Altice for €7.4 billion. In a statement announcing the move, Oi said it will transfer to Altice all the shares issued by Portugal Telecom for an enterprise value of €7.4 billion, adjusting for cash and debt and including an earn-out […]