Portugal Telecomís shareholders have approved the sale of its Portuguese assets to Altice.

The deal, which was agreed in December 2014, is worth Ä7.4 billion and will greatly strengthen Alticeís presence in Portugal, where it already lists to operators Cabovis„o and Oni among its assets.

The Brazilian telco Oi, which is disposing of Portugal Telecomís assets, now lists Portugal Telecom as a 25.6% shareholder.