Vodafone Portugal chief confirms Cabovisao interest

12 Mar 2015

Mario Vaz, the CEO of Vodafone Portugal, has confirmed that the UK-backed telco is considering the possible acquisition of Portuguese cable operator Cabovisao from Altice Group. Vaz told Portuguese business daily Jornal de Negocios that a deal cannot be ruled out, but would ultimately depend on the price and the regulator’s stance. It has been widely suggested that the sale of Cabovisao will be one of the remedies required by Portugal’s competition regulator following the pending EUR7.4 billion (USD9.2 billion) sale of domestic incumbent PT Portugal Telecom SGPS (PT Portugal) to Altice.

According to TeleGeography’s GlobalComms Database, Altice – along with private equity group Apax – acquired 100% of Cabovisao from Cogeco of Canada in February 2012, paying EUR45 million (USD60.5 million) for the Portuguese firm. In April 2013 Altice went on to acquire Apax’s 40% stake in Cabovisao, to take full control of the cableco.

Portugal, Altice Europe (formerly Altice Group), Nowo (formerly Cabovisao), Vodafone Portugal