Le Monde reports that while Orange’s CEO Stéphane Richard does not plan to open the purse strings widely, he will remain attentive to what is happening in Europe.
According to information obtained by Le Monde, this could include buying PT Portugal.
Altice’s Portuguese assets are currently worth just over €7 billion, or roughly the same amount paid by the company in 2014.
PT Telecom posted a turnover of €2.3 billion and an EBITDA of €1.1 billion in 2016.
What is more, Altice has developed the first fibre-optic network in Portugal.
Acquiring PT Portugal would allow Oramge to significantly strenthen its presence on the Iberian peninsular.
In Spain, it is now the country’s second largest fixed-line operator following the acquistion of Jazztel for €3.5 billion in 2014/15.