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Oi picks Altice for exclusive talks on PT Portugal sale

2014-12-01 08:28:00| Telecompaper Headlines

(Telecompaper) Altice announced that it has entered into an exclusivity agreement with Oi to negotiate the purchase of the Portuguese assets of Portugal Telecom. Altice's fully financed, binding offer values Portugal Telecom at an enterprise value of EUR 7.4 billion on a cash- and debt-free free basis, up from its initial offer of EUR 7.025 billion. The bid includes EUR 500 million based to future revenue generation of Portugal Telecom. The transaction, net of financial debt, accrued post-retirement liabilities and other purchase price adjustments, will be financed by new debt and existing cash from Altice. In the case of a final agreement, the transaction will require corporate approvals and will be subject to standard regulatory approval. 

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Oi in exclusive talks with Altice

2014-12-01 01:00:00| Total Telecom industry news

Brazilian telco indicates it is looking for a higher offer for its Portuguese assets; to hold exclusive talks with French firm for 90 days.

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Exclusive: KC Southern has high expectations for automotive production growth in Mexico

2014-11-25 17:25:15| Railroads - Topix.net

A boom in heavy manufacturing in Mexico looks to be a major boon for Kansas City Southern Railway Co.

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Exclusive - Treasury Wine Estates pulls out of London Wine Fair 2015

2014-11-19 11:02:00| Daily beverage news and comment - from just-drinks.com

Treasury Wine Estates (TWE) has confirmed to just-drinks that it will not be exhibiting at next year's London Wine Fair (LWF).

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EXCLUSIVE: Product Launch - Pernod Ricard's Martell Noblige Black Tie

2014-11-17 16:23:00| Daily beverage news and comment - from just-drinks.com

Pernod Ricard is to launch a new Martell Noblige expression that aims to widen the brand's footprint out of China and into the rest of Asia.

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