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Home › Altice agrees sale of Cabovisao, Oni to Apax

 

Altice agrees sale of Cabovisao, Oni to Apax

2015-09-15 18:04:00| Telecompaper Headlines

(Telecompaper) Altice announced an agreement to sell Portuguese operators Cabovisao and Oni to private equity group Apax France for an undisclosed sum. Altice agreed earlier this year to sell the companies in order to to secure regulatory approval for its acquisition of PT Portugal. In addition to private equity funds, Vodafone Portugal was also reported to be interested in cable operator Cabovisao and business services provider Oni, in order to expand its growing fixed business in Portugal. The sale of Cabovisao and Oni remains subject to approval by the European Commission and Portuguese authorities.

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