Sonaecom and Oni confirm talks

29 May 2007

Portuguese telcos Sonaecom and Oni Telecom have confirmed that they are in negotiations which could see the former acquire Oni’s residential and small business operations. Local newspaper Jornal de Negocios estimates the value of the deal at around EUR30 million. Earlier this year Sonaecom failed with an audacious bid to take over its much larger rival, Portugal Telecom.

Portugal, Onitelecom (ONI), Optimus (Clix)