Canada's Cogeco Cable is reportedly in the process of contacting a number of Portuguese and international telecoms operators and private equity funds with a view to offloading Cabovisao, its wholly-owned Portuguese cableco. Telecompaper, citing Portuguese news site Lusa, reports that negotiations with unnamed parties are already underway, although no price has yet been set. Back in June 2006 Cogeco acquired Cabovisao from fellow Canadian operator Cable Satisfaction International Inc (CSII) for EUR465 million (USD600 million), but Cogeco has endured a torrid time in Portugal since entering the market
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OVETEL Cogeco seeks international buyer for Cabovisao
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