PE Week Wire — 10/26/06

Clear Channel Communications (NYSE: CCU) has retained Goldman Sachs to evaluate “various strategic alternatives to enhance shareholder value.” One such alternative could be an $18.5 billion buyout, with interested firms including Blackstone, KKR, Providence Equity Partners and Thomas H. Lee Partners. www.clearchannel.com

Apax Partners France has agreed to acquire Telenor Satellite Services from Telenor (Nasdaq: TELN) for $400 million in cash. Telenor Satellite Services offers communication solutions via satellite to land, air and sea