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
