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Patrick Drahi's Altice seeks to buy Oi's Portuguese assets: source

2014-10-07 03:14:25| IT Services - Topix.net

Billionaire Patrick Drahi's cable and telecoms company Altice SA is looking to acquire the Portuguese assets of Brazilian carrier Oi SA, a source familiar with the matter told Reuters. Facing growing competition in the Brazilian market from foreign rivals, Oi announced plans in October 2013 to merge with Portugal Telecom SGPS SA.

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