Wednesday, 24 October 2018

Altice slapped with €124.5 million over acquisition of Portugal Telecom

By Chris Kelly, Total Telecom
Wednesday 25 April 18

The European Commission has found that Altice breached EC regulations during the acquisition

Global telecoms conglomerate, Altice, has been fined €124.5 million by the European Commission over its acquisition of Portugal Telecom. Altice acquired Portugal Telecom's assets from Brazilian operator, Oi, in a €7.4 billion deal. The European Commission fined Altice for completing the acquisition before it fulfilled its duties to sell off its existing assets in Portugal (namely Oni and Cabovis&atilde…

Global telecoms conglomerate, Altice, has been fined €124.5 million by the European Commission over its acquisition of Portugal Telecom. Altice acquired Portugal Telecom's assets from Brazilian operator, Oi, in a €7.4 billion deal. The European Commission fined Altice for completing the acquisition before it fulfilled its duties to sell off its existing assets in Portugal (namely Oni and Cabovis&atilde…

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