Arab Today, arab today altice wins eu greenlight on portugal telecom buyup
Last Updated : GMT 12:18:19
Arab Today, arab today
Arab Today, arab today

Under European merger legislation

Altice wins EU greenlight on Portugal Telecom buy-up

Arab Today, arab today

Arab Today, arab today Altice wins EU greenlight on Portugal Telecom buy-up

Portugal Telecom
Paris - Arab Today

France's Altice cable and telecoms firm on Monday said it had won European Commission approval for its 7.4-billion-euro ($7.9 billion) purchase of Portugal Telecom's Portuguese assets.

"The European Commission has authorised the acquisition proposed by Portuguese telecoms operator PT Portugal under European merger legislation," Altice said in a statement.

Portugal Telecom's Portuguese assets have been owned by Brazil's Oi since May as part of its merger with Portugal Telecom. Oi aims to use the sale to cut its debt and entrench its position on the Brazilian market.

Portugal Telecom shareholders in January overwhelmingly approved the sale of the Portuguese telecommunications assets to Altice.

It is the third major acquisition by Altice -- a growing cable, telecoms and communications giant -- following purchases of French companies SFR and Virgin France.

Portugal Telecom employs about 11,000 people, and controls 40-50 percent of Portugal's cellular and ADSL business.
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today altice wins eu greenlight on portugal telecom buyup Arab Today, arab today altice wins eu greenlight on portugal telecom buyup

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today altice wins eu greenlight on portugal telecom buyup Arab Today, arab today altice wins eu greenlight on portugal telecom buyup

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday