Zon: New conditions for acquisition of cable operators -
Zon: New conditions for acquisition of cable operators
From Branislav Pekic Rome
Portugal’s Competition Authority (AdC) has placed new conditions on Zon Multimédia for the acquisition of cable operators TV-Tel, Bragatel, Pluricanal Leiria and Pluricanal Santarém.
The completion of the deals by the owner of Portugal’s largest cable TV operator, TV Cabo, has now suffered a new delay, as contributions from interested parties in the process, mainly rival Cabovisão, have led the AdC to increase the requirements for Zon. Among the new committments is the obligation for Zon to sell 50 per cent of the networks and clients of the four companies, and not 30 per cent as was initially proposed.
Market analysts point out that the latest conditions could significantly reduce the attractiveness of these contracts, although much will depend on the interest of potential buyers and consequent sale price.
Meanwhile, Zon Multimédia launched a pilot project on November 14, offering 100 Mbps broadband internet in the area of Amoreiras. According to CEO, Rodrigo Costa, Amoeiras will also be the first area in Portugal where the service will be commercially launched, before extending it nationwide.