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Portugal: Watchdog deepens investigation in Altice-Media Capital deal

By  |  February 15, 2018

According to Reuters, Portugal’s competition authority said on Thursday, February 15, it would launch a thorough investigation into the planned takeover by Dutch-based Altice of Media Capital, the owner of the TVI television channel.

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    In a statement the watchdog said it decided to launch a deep investigation because “there are strong indications… that (the deal) could result in significant obstacles to competition in various markets.”

    It said those markets included television content production, advertising and telecommunications. Altice, which owns Portugal’s largest telecom operator MEO, agreed to buy Media Capital in July last year from Spain’s Prisa in a €440 million deal.

    Full Content: Reuters

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