Mubadala trims stake in Portuguese telco
Alamy via Reuters
Mubadala Investment Company, Abu Dhabi’s $300 billion sovereign wealth fund, has trimmed its holding in Portuguese telecoms operator NOS SGPS.
ATIC Second International Investment, a Mubadala subsidiary, reduced its stake from 5 percent to 3.2 percent, according to a regulatory filing by NOS to the Portuguese Securities Market Commission.
No reason was given for the divestment.
NOS, Portugal’s second largest telecom provider after MEO (Altice Portugal), offers fixed and mobile services, television and internet. It is listed on Euronext Lisbon.
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Mubadala has in recent years increased its exposure to European technology and telecom assets, investing in fibre networks and data centres through stakes in Sweden-based GlobalConnect, UK-based hyperscale developer Yondr Group and Babel, a Madrid-based IT and digital transformation provider.
Mubadala has also invested around $1 billion in CityFibre, the UK’s largest independent full-fibre platform.
NOS shares closed 0.27 percent higher at €3.675 on April 30.
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