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Tag: portugal
Bain, Apax join bid battle for Portugal Telecom
2014-11-12 18:13:22| Telecom - Topix.net
Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros to buy the Portuguese operating business of Portugal Telecom from Brazil's Oi of debt owed to PT. Oi said it had not been aware of the debt before the deal and the fallout resulted in a renegotiation of the merger.
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Apax, Bain launch rival bid for PT Portugal
2014-11-12 09:36:00| Telecompaper Headlines
(Telecompaper) The private equity funds Apax Partners and Bain Capital have launched a bid for the Portuguese assets of Brazilian operator Oi worth EUR 7.075 billion, excluding cash and debt. Similar to the earlier offer from Altice for PT Portugal, the offer includes earn-out payments of EUR 400 million based on future revenue and EUR 400 million related to EBITDA generation. The acquisition covers the Portugal Telecom activities in Portugal alone, and excludes its holdings in Africa or the outstanding debt owed by the Group Espirito Santo subsidiary Rio Forte. Oi said it's board would consider the offer but did not comment further. The funds' offer is EUR 50 million more than that made by Altice. A rival offer from a company controlled by Angolan businesswomen Isabel dos Santos has also made an offer for Portugal Telecom itself, which Oi rejected. Dos Santos is also a major sharehodler in Nos, Portugal Telecom's main rival in the Portuguese market.
Tags: portugal
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Apax, Bain launch Portugal Telecom bid
2014-11-12 01:00:00| Total Telecom industry news
Oi board to evaluate latest offer that values Portuguese assets at 7.1 billion.
Tags: portugal
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telecom
Portugal Telecom shares spike on bid
2014-11-10 15:08:41| BBC News | Business | UK Edition
A 1.2bn takeover bid by the Angolan president's daughter has sent shares in Portugal Telecom sharply higher in Lisbon.
Tags: portugal
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Angolan, French bids target Portugal Telecom
2014-11-10 13:25:22| Telecom - Topix.net
A battle has started for control of Portugal Telecom, with an Angolan takeover bid countering a French company's offer. The Lisbon stock exchange on Monday suspended trading in shares of Portugal Telecom SGPS SA after a 1.2 billion euro bid from Terra Peregrin, a Lisbon-based company wholly owned by Isabel dos Santos, a businesswoman and daughter of longtime Angolan President Jose Eduardo dos Santos.
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