Hints and tips:
Related Special Reports
Spat between Venture Global and oil groups has disrupted market for super chilled fuel
...Shell, TotalEnergies and Portugal’s Galp have made a series of discoveries of oil (and some gas) off the coast of the south-west African country in the past two years....
...In 2015 Antunes’s Dubai-based company Jana General Trading unsuccessfully sued Brazilian telecoms firm Oi, claiming he was due a €69mn fee from Altice’s acquisition of Portugal Telecom....
...For Drahi, the sale is part of efforts to sell assets to chip away at a roughly $60bn debt burden at Altice, which owns operator SFR in France and others in the US, Portugal and Israel....
...Völker of MiningWatch Portugal, a campaign group....
...He has identified Spain, Italy and the UK as being ripe for a reduction from four to three, and Portugal to go from three to two operators....
...Drahi’s strategy of building a stake gradually is a new one for the billionaire who has previously acquired undervalued telecoms assets outright in France, the US and Portugal using debt before stripping...
...Drahi made his reputation through a string of debt-fuelled deals to build Altice, which operates in the US, France, and Portugal....
...Fuelled by the availability of cheap debt, the Barcelona-based group has consolidated tens of thousands of telecom towers sold off by cash-strapped mobile operators including the UK’s Arqiva, Portugal’s...
...The Spanish company has spent €7bn on deals this year having bought towers in Portugal, Poland and the UK, funded by debt and equity....
...Since it was founded in 2015, Barcelona-based Cellnex has been on an aggressive acquisition spree, buying masts from companies including the UK’s Arqiva, Portugal’s NOS, Switzerland’s Sunrise and France’...
...Cellnex has been the biggest mover and shaker in the market having acquired tens of thousands of masts in the past five years from companies including the UK’s Arqiva, Portugal’s NOS, Sunrise and Iliad to...
...Although small compared with other European oil majors, Galp is a household name in Spain and Portugal with one of the largest networks of petrol forecourts....
...Paulo Neves, Portugal Telecom’s chairman and former chief executive, is leaving the group....
...Jerry Dellis, an analyst with Jefferies, noted that Universal generated the same revenue in Portugal as it did in China. Additional reporting by David Keohane in Paris...
...It operates 12 airports in France and 10 in Portugal, as well as others in Japan and Latin America....
...It is a strategy Altice has deployed at other businesses, such as Portugal Telecom which it bought in 2014....
...Patrick Drahi, the Franco-Israeli billionaire, built Altice’s sprawling cable and telecom empire through a rapid series of debt-funded acquisitions, harnessing the strong institutional demand for high-yield...
...Galp of Portugal has a 10 per stake in the Coral South gas project in Mozambique, which was given the go-ahead last year together with partners including Eni of Italy and Kogas of South Korea....
...But the previous centre-right government abolished its “golden shares” in EDP and Portugal Telecom after signing its bailout agreement in May 2011....
...Telecom....
...Margrethe Vestager, European competition commissioner, said the fine imposed on the telecoms and cable group in connection with its acquisition of PT Portugal “reflects the seriousness of the infringement...
...Telecoms and cable company Altice is continuing to dispose of non-core assets as it seeks to reduce leverage and improve its financial position....
...Through his Société Mondiale fund, Mr Tanure holds a 5.28 per cent stake in Oi and is the second-biggest shareholder after Pharol SGPS, formerly Portugal Telecom, which has 22.24 per cent....
...In July, Prisa agreed to sell Media Capital, a Portuguese broadcaster, to Patrick Draghi’s Altice for €440m, a deal that still requires regulatory approval in Portugal....
International Edition