AdC may revise Sonaecom ruling

30 Nov 2006

The Portuguese competition authority AdC has said it is now studying the possibility of amending its conclusion on Sonaecom’s proposed takeover of Portugal Telecom. The announcement follows news that telecoms regulator Anacom has raised 28 objections to AdC’s draft decision, which was published earlier this month. AFX, citing local newspaper Jornal de Negocios, quotes AdC’s chairman Abel Mateus, who said a rethink is ‘possible’. He added: ‘The committee will decide on this in coming days.’

Portugal, Optimus (Clix)