• Portugal's competition regulatory (AdC) opposes Vodafone Portugal's proposed acquisition of Portugal's fourth-largest operator, Nowo, as reported by Portuguese-language paper Jornal de Negocios.
  • The company now has the option to present additional commitments to proceed with the deal or to abandon the acquisition. Initial remedies to address competition concerns in December included offering spectrum and fibre network access to new entrant Digi.
  • As flagged earlier in the week, Vodafone Portugal has just announced an agreement with Portuguese TelCo NOS to develop and share an underground fibre network in what is clearly a strategy of refocusing on and expanding within their higher margin markets while exiting less profitable ones.
  • Not much of a credit impact on screens given the size of the Portuguese market though their equity is -1.1% compared to the FTSE at -0.1% and Stoxx 600 Telcos at -0.3% in early trading.

HEALTHCARE: IT SECTOR: Vodafone Portugal’s Nowo Acquisition Opposed Again by Portuguese Regulator

Last updated at:Jan-18 09:09By: Niall Madigan


  • Portugal's competition regulatory (AdC) opposes Vodafone Portugal's proposed acquisition of Portugal's fourth-largest operator, Nowo, as reported by Portuguese-language paper Jornal de Negocios.
  • The company now has the option to present additional commitments to proceed with the deal or to abandon the acquisition. Initial remedies to address competition concerns in December included offering spectrum and fibre network access to new entrant Digi.
  • As flagged earlier in the week, Vodafone Portugal has just announced an agreement with Portuguese TelCo NOS to develop and share an underground fibre network in what is clearly a strategy of refocusing on and expanding within their higher margin markets while exiting less profitable ones.
  • Not much of a credit impact on screens given the size of the Portuguese market though their equity is -1.1% compared to the FTSE at -0.1% and Stoxx 600 Telcos at -0.3% in early trading.

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