UPDATE 1-NOS shareholders ready to fight for Portugal Telecom assets

miércoles 5 de noviembre de 2014 11:01 GYT

(Updates with more details, comment)

By Sergio Goncalves

LISBON Nov 5 (Reuters) - The owner of Portuguese telecoms firm NOS said it was "ready to be part of a solution" to keep Portugal Telecom assets in Portuguese hands, following a 7 billion euro ($8.7 billion) bid by Altice earlier this week.

Zopt, the controlling shareholder in Portugal's second-largest telecommunications operator NOS, is owned by local conglomerate Sonae and Isabel dos Santos, the daughter of Angola's president.

Zopt said in a brief statement on Wednesday it was "ready to be part of a solution that, in open collaboration with the involved parties, ensures the necessary commitment of all interested parties and defends the national interest".

The statement came a few days after Altice, controlled by Franco-Israeli billionaire telecoms entrepreneur Patrick Drahi, offered to buy the Portuguese operations of Brazil's Oi , which controls Portugal Telecom's assets after a merger.

Shares in Portugal Telecom were up 4.18 percent at 1.2470 euros, while NOS shares were 1.1 percent higher at 4.6180 euros.

A source close to Zopt said NOS could offer Oi "the best financial conditions" due to potential synergies and that it was ready to work with Portuguese regulators to ensure competition in the market.

NOS competes head on with Portugal Telecom in all areas of the market in Portugal.   Continuación...