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Old 24-08-06, 05:00 PM   #1 (permalink)
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Default Media Capital eyes TV Cabo parent

Portuguese media group Media Capital is weighing a takeover bid for Portugal Telecom Multimedia, the parent of local cable and satellite platform TV Cabo. A source close to the situation that Media Capital is interested in teaming with a grouping of private equity outfits to acquire PT Multimedia.

The group, which includes Permira and Cinven, is reportedly currently weighing a bid for the entire Portugal Telecom group. However it could decide to move only for PT Multimedia should Portugal Telecom spin-off the pay TV unit.
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