Altice International - comment

The process to sell Altice’s Portuguese business was extended according to press reports. The deadline for binding offers was supposed to be 18th March but was extended to allow for additional due diligence and further extended to allow for potential regulatory discussions due to the change in government in Portugal after the elections held on 10th March. Iliad and the Saudi Telecom Company remain the front runners. Unlike in previous press reports, there was no rumour about the price.