BRIEF-Altice enters into exclusive talks with Oi to buy Portugal Telecom

domingo 30 de noviembre de 2014 17:23 GYT

Nov 30 (Reuters) - Altice SA : * Enters into exclusive negotiations with Oi to acquire Portugal

Telecom * Says offer is binding and values Portugal Telecom at enterprise value of

euros 7.4BN on a cash and debt-free free basis * Says offer includes euros 500M consideration related to pt's future revenue

generation * Says bid will be financed with new debt, existing cash