Altice is working with Lazard to prepare for the sale of the operation in Portugal for $7.3 billion (about 6 billion euros), as part of a process that could begin in July, according to Reuters, citing two anonymous sources. This goes in the same direction as the previous news.
In addition to MásMovil, other leading European telecom operators, such as Telefónica and Orange, have also been warned of the sale, along with large private equity funds investing in the sector, according to Reuters.
On the 4th of this month, Expresso confirmed that the potential sale of Altice Portugal could indeed attract the attention of some telecom giants.
According to the weekly, which cited “financial sources and the telecom sector”, there were already “several potential candidates” for the purchase of the owner of Meo. France’s Orange, which was a partner of Nos, Spain’s MásMóvil, which owns Nowo, and KKR fund, which previously owned Nowo and Oni Telecom, were chosen by the weekly.
According to the latest forecasts of analysts, the potential sale of Altice Portugal could generate between six and seven billion euros for the French group Altice, led by Patrick Drahi (pictured).
Emily Brontë is a journalist and feature writer specialising in culture, entertainment, literature, and current affairs. She is dedicated to producing clear, accurate reporting that helps readers stay informed about developments in the UK and around the world.
