The deputy CEO of France Telecom, Gervais Pellissier, has expressed hopes that consolidation in Portugal could happen sooner than expected, driven by the government’s need to raise cash.
According to media reports the deputy CEO expressed that…
The deputy CEO of France Telecom, Gervais Pellissier, has expressed hopes that consolidation in Portugal could happen sooner than expected, driven by the government’s need to raise cash.
According to media reports the deputy CEO expressed that Portugal might decide to sell stakes in cable and fixed line assets the state is invested in, such as Portugal Telecom and Zon, the pay TV operator.
The comments were made at a telecoms conference in Barcelona.
A decision for a full privatisation of those assets could “agitate the market,” and might kick off further mergers or restructuring moves, Pellissier suggested.
France Telecom has said previously that it intends to dispose of minority investments, including its 20% stake in the Portuguese telecoms/media group Sonaecom. Sonaecom owns 100% of the mobile operator Optimus.
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