Telecoms firm Altice has about 10 possible bidders for its Portuguese fibre network and is nearing a decision on the sale, Altice Portugal chief executive Alexandre Fonseca said.
Fonseca told reporters on Tuesday that the potential buyers, which include investment and infrastructure funds, were from Europe and the United States, without naming any of them.
"There are about 10 potential buyers with a more concrete and analysed level of interest. The phase of analysis is nearly complete," Fonseca added.
The Altice fibre network business serves 4.5 million Portuguese homes and aims to cover all of the country, or 5.3 million homes, by next year.
Earlier this year Fonseca described it as "valuable" but did not estimate a sale price.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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