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Bain, Apax join bid battle for Portugal Telecom

2014-11-12 18:13:22| Telecom - Topix.net

Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros to buy the Portuguese operating business of Portugal Telecom from Brazil's Oi of debt owed to PT. Oi said it had not been aware of the debt before the deal and the fallout resulted in a renegotiation of the merger.

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