Portugal’s telecom regulator has blocked an attempt by international operator Altice to buy control of local company Media Capital, saying it could create “significant obstacles” to competition.
The National Communications Authority, known as Anacom, said in a statement on its website Tuesday, September 19, the deal needs to be reconfigured.
Netherlands-based Altice N.V., through its Portuguese telecoms company MEO, agreed in July to pay Spain’s Prisa €440 million (US$527 million) for its 94.7% stake in Media Capital.
Media Capital is one of Portugal’s leading media groups, owning popular national television channels and radio stations.
The takeover was to be the latest addition to Altice’s portfolio after expanding its telecommunications and cable presence in the United States and France.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI