Sonaecom linked with another buy

19 Jun 2007

Portuguese telco Sonaecom is reportedly eyeing the local assets of pan-European operator Tele2 as it seeks to strengthen its fixed line business in the wake of its failed takeover attempt for Portugal Telecom. Thomson Financial quotes a report from Diario Economico which says the negotiations are still at an early stage. Sonaecom is currently in talks concerning the acquisition of another Portuguese rival, Oni Telecom.

Portugal, Optimus (Clix), Tele2 (Portugal)