The new owner of Portuguese telco Oni has appointed Alexandre Fonseca to head the enterprise-focused operator.
Altice Group completed its takeover of the business in August and has shifted Fonseca from its other Portuguese subsidiary, Cabovisao, to lead…
The new owner of Portuguese telco Oni has appointed Alexandre Fonseca to head the enterprise-focused operator.
Altice Group completed its takeover of the business in August and has shifted Fonseca from its other Portuguese subsidiary, Cabovisao, to lead Oni.
Fonseca was CTO at cableco Cabovisao and previously worked at PricewaterhouseCoopers and IBM.
Private equity fund Altice agreed to buy Oni in June for a reported €83m (US$108m) from The Riverside Company and Gestmin. The firm hopes that by combining Oni’s portfolio of business clients and additional network infrastructure with Cabovisao’s existing business, it will be able to unlock synergies and create significant growth.
Altice entered Portugal last year with the acquisition of Cabovisao from Quebecois group Cogeco for the knock-down price of US$60m.
Founded by French businessman Patrick Drahi, Altice owns a portfolio of telecoms assets in France, Belgium, Israel, Luxembourg, Portugal and Switzerland.
