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Telecoms Mega Deal in Portugal

by

November 6, 2014

A rare PE club deal is underway for Portuguese assets of telecommunication operator Oi SA, led by Apax Partners, according to unidentified sources in a Reuters article. The size of the deal is substantial at USD 8.8 billion and Apax is said to be teamed with Bain Capital Partners, and possibly CVC. Oi is Brazil’s largest landline carrier and it is seeking offers from various sources for its Portugal-based holdings, including considering an offer from a strategic buyer, Altice SA, a Luxembourg-based cable holding company.

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