Altice: Onitelecom could be put up for sale in April

24 Mar 2015

Following suggestions that Luxembourg-based Altice Group intends to divest its Portuguese cable unit Cabovisao in an effort to push through its EUR7.4 billion (USD9.2 billion) acquisition of domestic incumbent PT Portugal Telecom SGPS (PT Portugal), it has now been suggested that Altice is also willing to cede control of corporate telecoms unit Oni Communications (Onitelecom). Portuguese business daily Economico reports that the idea was floated by Altice CEO Dexter Goei at a meeting with telecoms trade union SINDETELCO late last week.

It has been widely suggested that the sale of Cabovisao will be one of the remedies required by Portugal’s competition regulator following the sale of PT Portugal to Altice, and it now appears that the Luxembourg-based group is also willing to cash in on its majority stake in Onitelecom to assuage competition-related concerns.

According to TeleGeography’s GlobalComms Database, on 31 May 2013 Altice agreed to buy a 95.5% stake in Onitelecom for EUR83 million (USD108.1 million). The two-pronged deal saw Altice agree to buy The Riverside Company’s 60.9% stake in tandem with Gestmin’s 34.6% holding in the Lisbon-based company.



Have feedback, corrections, or story ideas? Send them to

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.