Dos Santos withdraws Portuguese bid

24 Dec 2014

Reuters reports that Angolan billionaire businesswoman Isabel dos Santos has dropped her USD1.46 billion bid for holding company Portugal Telecom SGPS (PT SGPS) which sought to block the agreed sale of the PT Portugal domestic mobile and fixed operations by Brazil’s Oi to Altice Group. In a statement yesterday, Ms dos Dantos’ Portuguese company Terra Peregrin said it had ‘decided to withdraw the offer after careful consideration’ following last week’s ruling by the Portuguese market regulator that it must raise the offer price for PT SGPS, which holds a minority stake in Oi and veto power over the PT Portugal sale.

Portugal,Oi, Pharol (formerly Portugal Telecom SGPS [PT SGPS]),

Subscribe

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

Subscribe to CommsUpdate

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