Sonaecom finalises bid for Portugal Telecom

2 Jan 2007

Portuguese telco Sonaecom has submitted the final prospectus for its proposed EUR13.9 billion (USD18.35 billion) takeover bid for the country’s former monopoly operator Portugal Telecom (PT) to the securities regulator, CNVM. Its offer remains unchanged from its earlier proposal of EUR9.50 cash per PT share and EUR9.03 per share for PT’s cable division PT Multimedia. Earlier, the competition authority approved the takeover dependent on the sale of specified infrastructure assets and assurances for network access to rivals. Vodafone and several private equity houses have reportedly indicated their interest in acquiring certain assets from the merger.

Portugal, Optimus (Clix),


Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


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


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.