The usual suspects: equity groups hone in on PT

13 Mar 2006

Several large buy-out groups are working on a potential USD13 billion bid for Portugal Telecom, according to the Financial Times. Apollo Management, Blackstone, Kohlberg Kravis Roberts, and Permira are reported to be working together, while Apax, Carlyle, Cinven and Providence are also interested in the Lisbon-based telco. However, the private equity houses are yet to form a solid consortium and partnering arrangements remain fluid, according to sources close to the situation. The Portugese incumbent is currently the subject of a hostile bid from domestic conglomerate Sonae. In January, a consortium comprising Apax, Blackstone, Kohlberg Kravis Roberts, Permira and Providence acquired Danish telecoms group TDC.

Portugal,PT Portugal (MEO),

Subscribe



Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share