LONDON (Alliance News) - Vodafone Group PLC has held early talks with French telecoms company Altice SA about acquiring Portuguese cable business Cabovisão, the Financial Times reported on Tuesday.
The European Commission cleared Altice's EUR7.4 billion takeover of Portugal Telecom on Monday, on the condition it divests its existing Cabovisão and Oni businesses in Portugal.
Several other parties are understood to have expressed an interest in acquiring one or both of the companies, the FT said, citing a person familiar with the situation. The sale process is at an early stage and is expected to last through the summer.
http://www.ft.com/cms/s/0/60e33760-e80a-11e4-9960-00144feab7de.html
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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