Altice (company)

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Altice NV
Altice
Public
Traded as EuronextATC
Industry Telecommunications
Mass media
Founded 2001; 14 years ago (2001)
Headquarters Woerden, Netherlands
Area served
Worldwide
Key people
Patrick Drahi
(Chairman)
Dexter Goei
(CEO)
Website www.altice.net

Altice is a Netherlands[1]-based multinational telecoms company, founded and headed by the French billionaire Patrick Drahi, and the second largest telecoms company in France, behind Orange.

It has a market capitalization of US$34 billion, as of May 2015.[2]

Acquisitions[edit]

In March 2014, it acquired SFR from media group Vivendi, France's second largest mobile phone and Internet services company, through its cable division 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.[2]

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.[2] It is instead in the process of being acquired by Charter Communications.[3]

In June 2015 Altice acquired Portugal Telecom.[4]

In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in Europe.[5]

On September 17, 2015, it was announced that Altice would acquire Cablevision, a New York City-based cable provider, for US$17.7 billion, including debt.[3][6]

References[edit]

  1. ^ "Altice N.V. announces the completion of the cross-border merger" (PDF). Altice (Press release). 10 August 2015. Retrieved 15 August 2015. 
  2. ^ a b c Smith, Gerry (20 May 2015). "Time Warner Cable Said to Get Takeover Approach From Altice". Bloomberg. Retrieved 21 May 2015. 
  3. ^ a b "Altice to Buy Cablevision for $10 Billion". Wall Street Journal. 17 September 2015. Retrieved 17 September 2015. 
  4. ^ "Altice finalises acquisition of Portugal Telecom". Agence France-Presse and Business Insider. June 2, 2015. Retrieved August 1, 2015. 
  5. ^ Davidson, Lauren (21 June 2015). "Patrick Drahi eyes Bouygues Telecom for French merger". Daily Telegraph. Retrieved 22 June 2015. 
  6. ^ Ackman, Dan (2015-09-17). "European cable firm Altice to buy Cablevision for $17.7 billion". CNET. Retrieved 2015-10-07.