Altice (company)

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Altice Europe NV
Public
Traded asEuronextATC
AEX Component
ISINNL0011333752
IndustryTelecommunications
Mass media
Founded2001; 18 years ago (2001)
FounderPatrick Drahi
Headquarters
Area served
Worldwide
Key people
Patrick Drahi
(Chairman)
Dexter Goei
(CEO)
ProductsCable television, Direct-broadcast satellite, broadcasting, broadband and telephony services,
Revenue2,54 billion (2017)
€2,845 billion (2017)
179,3 million (2017)
Total assets€88,39 million (2017)
Total equity€30,00 million (2017)
OwnerPatrick Drahi
(Controlling Shareholder)
Number of employees
47,143 (2018)
SubsidiariesAltice USA
Altice Dominicana S.A.
Altice Portugal
Altice France (SFR)
Hot
Siresp (52,1%)[1]
Websitewww.altice.net

Altice Europe (commonly known as Altice) is a Netherlands-based[2] multinational telecoms 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 capitalisation of €13.7 billion (US$16.29 billion), as of December 2017.[3][4] As of 2016, the company has over 50 million internet, TV, and phone customers in Western Europe, the U.S., Israel, and the Caribbean.[5]

History[edit]

Altice bought several regional cable television operators in France from 2002 to 2007, merging them under the brand Numericable.

In 2009, Patrick Drahi increased his stake in Hot, a cable television operator in Israel. Drahi completed the takeover in 2011, and offered to buy remaining shares in 2012.[6][7][8][9]

In November 2013, Orange announced it was selling Orange Dominicana to Altice for $1.4 billion.[10]

In March 2014, it acquired SFR, France's second largest mobile phone and Internet services company, from Vivendi.

In November 2014, France’s competition watchdog approved a deal for Numericable to acquire Virgin Mobile France for €325 million.[11]

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.[12]

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.[12] It was instead acquired by Charter Communications.[13]

In June 2015 Altice acquired Portugal Telecom and sold Cabovisão to Apax France.[14]

In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in France.[15] Bouygues' board refused and as of March 2016, is considering merging with Orange.[16]

On 17 September 2015, it was announced that Altice would acquire Cablevision, a Long Island, New York based cable provider, for US$17.7 billion, including debt.[13][17]

In October 2015, it was announced that backing the Altice purchase of Cablevision, were private equity firm BC Partners and CPPIB.[18]

In December 2016, Altice announced its deal to sell SFR Belux to Telenet for €400 million.[19]

In March 2017, Altice acquired video ad tech firm Teads for US$307 million.[20]

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.[21][22]

References[edit]

  1. ^ Ribeiro, Sara (1 August 2018). "A Altice Portugal passou a ser a maior accionista do SIRESP - Sistema Integrado de Redes de Emergência e Segurança de Portugal. A dona da Meo anunciou esta quarta-feira que exerceu o direito de preferência na compra das participações da ESEGUR e Datacomp. Logo de seguida, o Estado anunciou que passou a deter 33% do capital". Jornal de Noticias (in Portuguese). Retrieved 2 August 2018.
  2. ^ "Altice N.V. announces the completion of the cross-border merger" (PDF). Altice (Press release). 10 August 2015. Retrieved 15 August 2015.
  3. ^ Laurent, Lionel (5 December 2017). "Cable Billionaire Stays In His $59 Billion Comfort Zone". Bloomberg. Retrieved 21 December 2017.
  4. ^ "Altice shares drop down to new lows". Reuters. 30 November 2017. Retrieved 21 December 2017.
  5. ^ Lieberman, David (22 June 2017). "Altice USA Shares Rise As It Goes Public On Anniversary Of Cablevision Deal".
  6. ^ https://en.globes.co.il/en/article-1000513711
  7. ^ https://en.globes.co.il/en/article-1000701877
  8. ^ https://en.globes.co.il/en/article-1000787685
  9. ^ https://www.challenges.fr/entreprise/drahi-le-patron-de-numericable-a-teste-en-israel-sa-strategie-pour-sfr_159770
  10. ^ "Orange reached an agreement with Altice for the disposal of Orange Dominicana". orange.com. Archived from the original on 19 August 2016. Retrieved 10 September 2016.
  11. ^ "French regulator approves Numericable-Virgin deal" (Press release). Reuters. 27 November 2014.
  12. ^ a b Smith, Gerry (20 May 2015). "Time Warner Cable Said to Get Takeover Approach From Altice". Bloomberg. Retrieved 21 May 2015.
  13. ^ a b "Altice to Buy Cablevision for $10 Billion". Wall Street Journal. 17 September 2015. Retrieved 17 September 2015.
  14. ^ "Altice finalises acquisition of Portugal Telecom". Agence France-Presse and Business Insider. 2 June 2015. Retrieved 1 August 2015.
  15. ^ Davidson, Lauren (21 June 2015). "Patrick Drahi eyes Bouygues Telecom for French merger". Daily Telegraph. Retrieved 22 June 2015.
  16. ^ "March is 'go or no go' for Bouygues merger decision: Orange". cnbc.com. Retrieved 10 September 2016.
  17. ^ Ackman, Dan (17 September 2015). "European cable firm Altice to buy Cablevision for $17.7 billion". CNET. Retrieved 7 October 2015.
  18. ^ "CPPIB and BC Partners Back Altice's Bid for Cablevision". Sovereign Wealth Fund Institute. 28 October 2015. Retrieved 30 October 2015.
  19. ^ "Altice to sell SFR BeLux to Telenet for 400 million euros" (Press release). Reuters. 22 December 2016.
  20. ^ "Video ad tech firm Teads to be acquired by Dutch telco Altice for $307 million". Business Insider. Retrieved 21 March 2017.
  21. ^ "Altice Unveils Unified Global Brand, Strategy". The Hollywood Reporter. Retrieved 2017-11-11.
  22. ^ "Altice Unveils New Global Brand, Logo". Multichannel News. Retrieved 2017-11-11.