France's Altice buys Portugal Telecom for €7.4bn
Portugal Telecom
Sao Paulo - AFP
France's Altice on Monday bought out Portugal Telecom -- which had been owned by Brazil's Oi -- for 7.4 billion euros, the Brazilian company announced.
"Under the deal approved, Oi will sell to Altice all PT shares for the company's value of 7.4 billion euros ($9 billion)," Oi said in a note to Brazilian regulatory authorities.
It said that Oi will receive an additional 500 million euros based on future PT earnings once in its new owners' hands.
- Thursday ,13 December GMT 22:53 2018 Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar Properties
- Thursday ,06 December GMT 13:41 2018 Tyre maker Continental opens lab to extract rubber from dandelions
- Friday ,30 November GMT 15:23 2018 Paper industry around famous Chinese lake to be shut down by 2019
- Monday ,12 November GMT 16:51 2018 Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMAS
- Friday ,09 November GMT 08:11 2018 Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'
- Thursday ,08 November GMT 14:00 2018 Namibian enterprise endeavours to seize opportunities at China import expo
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 16:10 2018 Friday ,14 December
Bahrain press headlines For 14 Dec 2018
GMT 22:48 2018 Thursday ,13 December
French archaeological mission discovers artefacts in Umm Al Qaiwain
GMT 11:48 2018 Wednesday ,19 September
Aishwarya Dewan excited for ‘strong’ Bollywood debut
GMT 08:10 2017 Friday ,28 April
Barclays bank says profit down by more than half in Q1
GMT 08:59 2017 Sunday ,24 December
Real Madrid 'obliged' to keep title race alive
GMT 16:58 2017 Sunday ,26 November
Russian strikes kill 34 civilians in Syria's Deir Ezzor
GMT 08:47 2017 Thursday ,21 September
Kingdom’s sports authority chief announces
GMT 08:40 2017 Sunday ,17 September
Innovation is key to cope with post-oil era
GMT 12:48 2017 Sunday ,20 August
UNCHR launches fundraising campaign for its activities in Libya
GMT 16:39 2018 Tuesday ,23 October
Failed launch of Soyuz-FG did not pause probe into hole in Soyuz MS-09 spacecraft
GMT 08:30 2018 Friday ,21 September
IMF chief Lagarde: Economy of Georgia demonstrates ‘strong signs of recovery’
GMT 08:03 2017 Saturday ,24 June
Unknown people threw Molotov
GMT 09:35 2017 Monday ,07 August
Amr reveals types of pilgrims' meals
GMT 08:53 2017 Friday ,13 January
Suspected Israeli rocket fire targets airbase in Syrian capital
GMT 21:40 2017 Thursday ,20 April
1,384 tourists visit Dahab over past 24 hours
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor