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Spain & Portugal: Hog Markets

2014-12-18 01:00:00| ThePigSite - Industry News

SPAIN & PORTUGAL - On 16 November, Campofrio’s packing plant in Burgos caught fire and was totally burned, writes Mercedes Vega.

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Oi to spend Portugal proceeds on domestic M&A

2014-12-15 01:00:00| Total Telecom industry news

Brazilian telco says fourth quarter revenue on track to grow compared to Q3.

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Board of Brazil's Oi approves sale of Portugal assets to Altice

2014-12-09 10:56:42| IT Services - Topix.net

Lisbon-listed holding company Portugal Telecom SGPS SA owns a 25.6 percent stake in Oi, which now holds Portugal Telecom's operating assets in Portugal after a merger between the two companies.

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Oi approves PT Portugal sale to Altice

2014-12-09 09:14:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi's board has approved the sale of PT Portugal to Altice. A week after agreeing exclusive talks with Altice, Oi agreed to the price of EUR 7.4 billion plus up to EUR 500 million based on the company's future revenue. Final approval of the sale will still depend on approval from shareholders of Portugal Telecom. The deal sees Oi left with only PT's assets outside Portugal, mainly in Africa and East Timor, as well as its debts, including what is owed to the company by Rio Forte, the bankrupt subsidiary of Espirito Santo. The Brazilian operator is expected to use the proceeds from selling the Portuguese assets for reducing debt and participating in the consolidation underway in the Brazil market.

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PT says its shareholders to decide on PT Portugal sale by Oi

2014-12-05 21:40:18| Telecom - Topix.net

Telecoms group Altice's plan to buy the Portuguese operations of Brazil's Oi for 7.4 billion euros depends on winning the backing of shareholders in Portugal Telecom SGPS, the holding company which owns 25.6 percent of Oi, a spokesman for Portugal Telecom said. Lisbon-listed Portugal Telecom SGPS is the target of a 1.2 billion-euro takeover offer by Angolan billionaire businesswoman and opponent of the Oi sale, Isabel dos Santos.

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