Altice buys Portuguese media company in latest expansion

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

LISBON, Portugal (AP) — Telecoms company Altice is buying control of Portugal's Media Capital, paying Spain's Prisa 440 million euros ($502 million) for its 94.7 percent stake in the Lisbon company.

The takeover is the latest addition to Altice's portfolio after its efforts to expand its telecommunications and cable presence in the United States and France.

Netherlands-based Altice N.V. said in a statement Friday it had reached "a definitive agreement" with Promotora de Informaciones, S.A to buy its stake in Media Capital SGPS, SA.

Media Capital is one of Portugal's leading media groups, owning popular national television channels and radio stations. Altice is buying Media Capital through its local telecoms company MEO.

Altice has also pursued an aggressive expansion in the U.S., buying New York cable operator Cablevision for $17.7 billion two years ago.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press


    Catch up on the top news and features from, sent weekly.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast