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Telecoms Group Altice Set To Buy Oi's Portugal Operations


Ron Burgundy
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The logo of Brazil's largest fixed-line telecoms group Oi is seen inside a shop at a shopping centre in Sao PauloBy Leila Abboud and Guillermo Parra-Bernal PARIS/SAO PAULO (Reuters) - Telecoms group Altice SA has agreed to buy the Portuguese operations of Brazil's Grupo Oi for about 7.4 billion euros ($9.2 billion), in what will be its third large acquisition this year. Franco-Israeli billionaire entrepreneur Patrick Drahi, who founded Altice, has been on an expansion drive with deals worth some $30 billion this year alone, and is on track to add Portugal to his portfolio of cable and mobile companies in France, Israel, and the Dominican Republic. ...




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