The Saudi telecommunications enterprise (STC) and the French company “Iliad”, owned by the billionaire in the field of communications, qualified Zavier Neil for the second round at an auction of the Portuguese “Altis” assets, according to people who are familiar with the case. Warburg Pincus (who participated in the procurement business “Zeno Partners” and the former head of the “Credit Swiss” Antonio Horta-Osurio Group) were also invited to the second round of the auction, according to what people said. According to People, according to People, it came out of the race on the assets of the business. The value of the agreement hopes that billionaire Patrick Al -Darai (founder and owner of the majority share) has harvested between 8 billion euros ($ 8.6 billion) and 10 billion euros from the sale of “Altis” assets, although potential applicants find it difficult to meet these expectations, according to the people who are not to reveal their identity. The summit continues, and there is no certainty that it will lead to an agreement. Representatives of “Altis”, “Apollo”, “CVC”, “Eliad” and members of the “Warberg Pinkos” Alliance refused to comment. Saudi telecommunications did not immediately respond to requesting a comment outside the usual working hours. Al -darayi attempts to sell assets to pay some of the $ 60 billion debt, which accumulated during years of acquisitions. The assets of “Altis” in Portugal include “Meo” – which provides fixed and wireless communication lines and paid television services in the country – as well as an interest in the optical fiber network he owns in collaboration with the “Morgan Stanley” infrastructure arm.
Bloomberg: Saudi telecommunications apply for the Portuguese Altis assets
