Billionaire Drahi Targets PT Portugal

Billionaire Drahi Targets PT Portugal

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Billionaire Patrick Drahi, a French-Israeli telecom mogul, is attempting to acquire PT Portugal, the largest phone company in Portugal. This acquisition would require PT Portugal to separate from the Brazilian Telecom company OY, which might agree to the split to fund its own acquisitions. Drahi's holding company already owns cable assets in Portugal, and according to the Bloomberg billionaires list, he is worth over 8 billion dollars.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who is Patrick Drahi?

A Portuguese cable operator

An American billionaire

A Brazilian telecom executive

A French Israeli telecom mogul

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Patrick Drahi attempting to acquire?

A French cable network

The largest phone company in Portugal

An Israeli telecom firm

A Brazilian telecom company

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What must happen for PT Portugal to be acquired?

It must merge with a French company

It must increase its market share in Portugal

It must acquire a Spanish telecom firm

It must split from Brazilian Telecom company OY

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why might OY agree to the split?

To focus on its operations in Brazil

To reduce its workforce

To raise money for its own acquisitions

To enter the European market

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Patrick Drahi's net worth according to the Bloomberg billionaires list?

More than 5 billion

More than 12 billion

More than 10 billion

More than 8 billion