Sonaecom must wait to make PTM bid

3 Oct 2007

Sonaecom has been told it must wait until March next year before it can make a takeover bid for Portugal Telecom’s cable TV and media unit, PTM. According to Diario Economico, a clarification of stock market rules has shown that when Sonaecom made a bid for Portugal Telecom earlier this year it was also implying a bid for subsidiary company PTM. Under market regulations, Sonaecom is barred from making another approach for either of these companies for at least twelve months. Portugal Telecom is spinning off PTM and Sonaecom has been linked as a potential buyer.

Portugal , Nos, Optimus (Clix)

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