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Portugal Telecom Approves Unit Sale to Altice

2015-01-23 04:38:28| Telecom - Topix.net

Portugal Telecom SGPS SA shareholders Thursday approved the a 7.4 billion sale of its operating unit to Luxembourg-based Altice SA, ending weeks of uncertainty about the deal. With the acquisition Altice, which currently has a small presence in Portugal via operators CabovisA o and Oni, will become a key competitor in the country, next to Vodafone Group PLC and NOS.

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