Brazil's Grupo Oi remains undecided over Portugal Telecom sale
SAO PAULO Oct 7 (Reuters) - Grupo Oi SA, the debt-laden Brazilian telephone and wireless carrier, has yet to make a decision over the sale of its assets in Portugal, for which it has not received a bid.
Rio de Janeiro-based Oi, which earlier this year combined its assets with those of Portugal Telecom SGPS SA, is determined to continue with a strategy to dispose of non-core assets like Africatel Holdings BV, according to a securities filing on Tuesday. The company is still looking for potential buyers for its African unit and has so far not received a bid.
The filing came a day after speculation that billionaire Patrick Drahi's cable and telecommunications company Altice SA is in talks to acquire Oi's Portuguese assets. (Reporting by Guillermo Parra-Bernal Editing by W Simon)
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