UPDATE 1-Altice seeks to lure MasMovil, others for $7.3 bln Portugal sale - sources [Reuters]
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Source: Reuters
MasMovil for its business in Portugal as it seeks to exit the country after stripping off most of the unit's infrastructure operations, three sources told Reuters. The telecoms and cable company led by Franco-Israeli tycoon Patrick Drahi is working with Lazard to prepare the sale of Portugal's largest telecoms player as part of an auction process that could kick off as soon as July, the sources said. Major European telecoms firms such as Telefonica and Orange have also been alerted to the upcoming sale along with heavyweight private equity funds with a track record of telecoms investments, the sources said, cautioning a deal is not certain. Altice, which pioneered 5G in Portugal, owns MEO, the largest landline operator in the country. A spokesperson for Altice said the company was not planning any sales process “now or in the near future” in Portugal. Telefonica and Orange declined to comment, while MasMovil was not immediately available for comment. MasMovil, which owns c
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