Vodafone anticipates few difficulties in acquiring Nowo
-
Loading... - Justin Black
- 25 Oct 2022
- 77 Views
- 0 Like
- 0 Comment
The intention of the deal, "if approved, is the acquisition of all the company's assets, in those assets are the licenses" 5G, said the chief executive of Vodafone Portugal, Mário Vaz.
The chief executive of Vodafone Portugal, Mário Vaz, said today that he did not anticipate “complexity of decision” or “substantial remedies” in the purchase of Nowo and said that the acquisition would be notified to the Competition Authority in November.
Mário Vaz was speaking at a meeting with journalists about the 30th anniversary of the telecom operator at Vodafone Portugal’s headquarters in Lisbon.
“There are no objective reasons, we anticipate neither complexity of the decision nor substantial remedies,” the CEO said when asked about the issue.
On 30 September, Vodafone Portugal announced the conclusion of an agreement to buy Cabonitel, which owns Nowo, in an operation expected to be completed in the first half of 2023.
The intention of the deal, “if approved, is the acquisition of all the company’s assets, in those assets are the licenses” 5G, he said. This is because Nowo acquired spectrum in the fifth-generation auction.
Asked about the clause that the licences cannot change ownership in the two years following the attribution, Mário Vaz explained that “this is the licence ‘per si’, but the entity that is the holder” is the one that is acquired “it is a shareholder change of the company”.
This “clause, in particular, is not applicable to the specific case, it is not a disposal of the licence”, he stressed. Read More...
