UPDATE 2-Brazil's Oi dismisses Angolan investor's bid for Portugal Telecom

lunes 10 de noviembre de 2014 14:27 GYT

* Bid aimed to keep PT group intact, thwart possible asset sale

* Altice made offer for PT assets to Oi

* Analysts say dos Santos's bid price may be too low (Adds Breakingviews link)

By Andrei Khalip

LISBON, Nov 10 (Reuters) - Brazilian telecom company Oi said on Monday it would push ahead with plans to take over the operational assets of Portugal Telecom, dismissing a gambit by Angolan businesswoman Isabel dos Santos that could scupper the deal.

Oi announced last year a deal to merge with Portugal Telecom's phone and cable TV networks. But dos Santos, who is listed by Forbes as Africa's richest woman, unveiled an offer on Sunday for Portugal Telecom's holding company which was split off under the deal and now belongs to various shareholders.

The offer by dos Santos - the 41-year-old daughter of the president of Angola, a former Portuguese colony - made a splash in the telecom world because the holding company owns 25.7 percent of the new operational firm that is combining Oi and the Portuguese assets.

The bid aims to make dos Santos a major shareholder in the new Brazilian-Portuguese operational firm, giving her a say over strategy, according to a person close to the businesswoman.

Oi has said it may sell its Portuguese assets to pay down debts, a possibility that is on the table since French telecoms group Altice bid for them last week..   Continuación...