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Altice slapped with 124.5 million over acquisition of Portugal Telecom

2018-04-25 02:00:00| Total Telecom industry news

Global telecoms conglomerate, Altice, has been fined €124.5 million by the European Commission over its acquisition of Portugal Telecom. Altice acquired Portugal Telecom's assets from Brazilian operator, Oi, in a €7.4 billion deal. The European Commission fined Altice for completing the acquisition before it fulfilled its duties to sell off its existing assets in Portugal (namely Oni and Cabovisã…read more on TotalTele.com »

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Category:Telecommunications

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