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Altice Enters Talks to Buy Oi Assets for $9.2 Billion

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Billionaire Patrick Drahi’s cable company entered exclusive talks to acquire Oi SA’s Portuguese assets for about 7.4 billion euros ($9.2 billion), putting it ahead of a rival bid by Apax Partners LLP and Bain Capital LLC.

The binding offer by Drahi’s Altice SA includes a consideration of 500 million euros related to Portugal Telecom’s future revenue, Altice said yesterday. Altice initially bid