Vodafone in early talks about buying Portugal’s Cabovisao

Vodafone in early talks about buying Portugal’s Cabovisao

22 APR 2015

Vodafone has had exploratory talks to acquire cable operator Cabovisao in Portugal, according to the Financial Times, another European market where it is looking to beef up its quadplay credentials.

Cabovisao is owned by French operator Altice, whose €7.4 billion acquisition of Portugal Telecom was cleared by the European Commission earlier this week, although approval is conditional on the sale of Portuguese businesses Oni and Cabovisao.

Vodafone is Portugal’s second-largest mobile operator and is eager to add Cabovisao’s pay-TV, fixed broadband and telephony services to its package. It has already taken a similar approach in Germany and Spain with acquisitions of Kabel Deutschland and Ono.

However, the Portuguese sale is still at an early stage and is expected to run on through the summer. And other unnamed bidders — both strategic and financial — are thought to be in the running.

While Cabovisao is a consumer-focused business, Oni is in the enterprise market and hence of less interest to Vodafone.

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Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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