Hispasat and Portugal Telecom’s Meo platform have agreed to broadcast the Champions League final on the Sport TV channel in 4k, as well as eight of the most important matches of UEFA Euro 2016, on the RTP 4k channel.
Expansionist telecoms group Altice has confirmed its completed the €7.4 billion acquisition of Portugal Telecom from Brazilian owner Oi.
The European Commission has approved Luxembourg-based Altice’s €7.4 billion acquisition of the Portuguese assets of Portugal Telecom, after Altice agreed to sell its existing businesses in Portugal.
Portugal Telecom’s shareholders have approved the sale of its Portuguese assets to Altice.
Isabel dos Santos has made an offer for Portugal Telecom SGPS, which is listed on the Portuguese Stock Market.
Altice has made a binding and fully financed offer to purchase the Portuguese assets of Portugal Telecom from Brazil’s Oi.
Portugal Telecom has hit serious financial difficulties against the backdrop of Altice seeking to buy some of its assets.
Plans by the billionaire Patrick Drahi’s Altice cable group to acquire Portuguese Telecom are likely to bring an end to the tie up with Brazilian carrier Oi.
Portugal Telecom ended 2013 with 1,315,000 pay-TV subscribers, or 7.5% more than a year earlier.
Interactivity has provided Portugal Telecom with an important learning curve, according to Vera Vinto Pereira, MEO-TV service director.