|Products||Cable television, Direct-broadcast satellite, broadcasting, broadband and telephony services,mass media|
|Revenue||€2,54 billion (2017)|
|€2,845 billion (2017)|
|179,3 million (2017)|
|Total assets||€88,39 million (2017)|
|Total equity||€30,00 million (2017)|
|Owner||Patrick Drahi (controlling shareholder)|
Number of employees
|Subsidiaries||Altice Dominicana S.A.|
Altice France (SFR)
Altice Europe N.V. (commonly known as Altice) is a French multinational telecommunications corporation. multinational telecoms and mass media company, founded and headed by the French-Israeli billionaire Patrick Drahi, and the second largest telecoms company in France, behind Orange.
It has a market capitalization of €13.7 billion (US$15.15 billion), as of December 2017 and a market cap of less than €6 billion as of June 29, 2019 tracking an 80% decline for the stock since Drahi financed the deal with debt . As of 2016, the company has over 50 million internet, TV, and phone customers in Western Europe, Israel, and the Caribbean. Altice formerly owned a subsidiary in the USA until that company, while retaining the Altice name, was spun off via an IPO in June 2019, making the former USA division independent from the rest of Altice but still has the same Chairman Patrick Drahi and the same logo as of 2020.
Altice bought several regional cable television operators in France from 2002 to 2007, merging them under the brand Numericable.
In May 2015, Altice acquired a 70% controlling stake in Suddenlink Communications, which valued the seventh-largest US cable company at US$9.1 billion. The other 30% continues to be owned by BC Partners and CPP Investment Board.
In May 2015, Altice was said to be launching a bid for Time Warner Cable, which has a US$45 billion market capitalization, following a failed bid by Comcast. It was instead acquired by Charter Communications.
In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in France. Bouygues' board refused and as of March 2016, is considering merging with Orange.
In May 2017, Altice and Altice USA unveiled a new logo and slogan, "Together Has No Limits," and announced that it would unify all of its telecom holdings under the singular Altice brand by mid-2018.
In September 2020, Drahi put on an offer of €2.5 billion to buy minority shareholders of Altice Europe and secure control of the company.
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