Altice (company): Difference between revisions
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|divisions = Altice Media Group<br>[[Portugal Telecom]]<br>[[ |
|divisions = Altice Media Group<br>[[Portugal Telecom]]<br>[[Altice USA]] |
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|subsid = [[SFR]]<br>[[Virgin Mobile France]]<br>Ma Chaîne Sport<br>[[MEO (Portugal)|Meo]]<br>[[SAPO (company)|Sapo]]<br>[[Suddenlink Communications]] <small>(70%)</small><br>[[Cablevision]] <small>(70%)</small><br>[[Hot (Israel)|Hot]]<br>[[Tricom, S.A|Tricom]]<br>[[Orange S.A.|Orange Dominicana]]<br>green.ch |
|subsid = [[SFR]]<br>[[Virgin Mobile France]]<br>Ma Chaîne Sport<br>[[MEO (Portugal)|Meo]]<br>[[SAPO (company)|Sapo]]<br>[[Suddenlink Communications]] <small>(70%)</small><br>[[Cablevision]] <small>(70%)</small><br>[[Hot (Israel)|Hot]]<br>[[Tricom, S.A|Tricom]]<br>[[Orange S.A.|Orange Dominicana]]<br>green.ch |
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|homepage = {{URL|www.altice.net}} |
|homepage = {{URL|www.altice.net}} |
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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.<ref name=wsj-alticecablevision>{{cite news|title=Altice to Buy Cablevision for $10 Billion|url=http://www.wsj.com/articles/altice-to-buy-cablevision-for-10-billion-1442472485|accessdate=17 September 2015|work=Wall Street Journal|date=17 September 2015}}</ref><ref>{{cite web|last=Ackman |first=Dan |url=http://www.cnet.com/news/european-cable-firm-altice-to-buy-cablevision-for-17-7-billion/ |title=European cable firm Altice to buy Cablevision for $17.7 billion |publisher=CNET |date=2015-09-17 |accessdate=2015-10-07}}</ref> |
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.<ref name=wsj-alticecablevision>{{cite news|title=Altice to Buy Cablevision for $10 Billion|url=http://www.wsj.com/articles/altice-to-buy-cablevision-for-10-billion-1442472485|accessdate=17 September 2015|work=Wall Street Journal|date=17 September 2015}}</ref><ref>{{cite web|last=Ackman |first=Dan |url=http://www.cnet.com/news/european-cable-firm-altice-to-buy-cablevision-for-17-7-billion/ |title=European cable firm Altice to buy Cablevision for $17.7 billion |publisher=CNET |date=2015-09-17 |accessdate=2015-10-07}}</ref> |
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In October 2015, backing the Cablevision purchase for Altice, were private equity firm BC Partners and [[CPPIB]]. |
In October 2015, backing the Cablevision purchase for Altice, were private equity firm BC Partners and [[CPPIB]].<ref>{{cite web |url=http://www.swfinstitute.org/swf-article/cppib-and-bc-partners-back-altices-bid-for-cablevision/ |title=CPPIB and BC Partners Back Altice’s Bid for Cablevision |publisher=Sovereign Wealth Fund Institute |date=2015-10-28 |accessdate=2015-10-30}}</ref> |
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==References== |
==References== |
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Revision as of 12:12, 24 June 2016
| File:Altice Logo.png | |
| Altice | |
| Company type | Public |
| Euronext: ATC | |
| Industry | Telecommunications Mass media |
| Founded | 2001 |
| Headquarters | |
Area served | Worldwide |
Key people | Patrick Drahi (Chairman) Dexter Goei (CEO) |
| Divisions | Altice Media Group Portugal Telecom Altice USA |
| Subsidiaries | SFR Virgin Mobile France Ma Chaîne Sport Meo Sapo Suddenlink Communications (70%) Cablevision (70%) Hot Tricom Orange Dominicana green.ch |
| Website | www |
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
In November 2013, Orange announced selling Orange Dominican to Altice for $1.4 billion.[3]
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.[4]
In June 2015 Altice acquired Portugal Telecom.[5]
In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in Europe.[6] Bouygues' board refused and as of March 2016, is considering merging with Orange.[7]
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.[4][8]
In October 2015, backing the Cablevision purchase for Altice, were private equity firm BC Partners and CPPIB.[9]
References
- ^ "Altice N.V. announces the completion of the cross-border merger" (PDF). Altice (Press release). 10 August 2015. Retrieved 15 August 2015.
- ^ a b c Smith, Gerry (20 May 2015). "Time Warner Cable Said to Get Takeover Approach From Altice". Bloomberg. Retrieved 21 May 2015.
- ^ http://www.orange.com/en/Investors/Financial-presentations/financial-press-releases/Orange-reached-an-agreement-with-Altice-for-the-disposal-of-Orange-Dominicana
- ^ a b "Altice to Buy Cablevision for $10 Billion". Wall Street Journal. 17 September 2015. Retrieved 17 September 2015.
- ^ "Altice finalises acquisition of Portugal Telecom". Agence France-Presse and Business Insider. June 2, 2015. Retrieved August 1, 2015.
- ^ Davidson, Lauren (21 June 2015). "Patrick Drahi eyes Bouygues Telecom for French merger". Daily Telegraph. Retrieved 22 June 2015.
- ^ http://www.cnbc.com/2016/02/24/march-is-go-or-no-go-for-bouygues-merger-decision-orange.html
- ^ Ackman, Dan (2015-09-17). "European cable firm Altice to buy Cablevision for $17.7 billion". CNET. Retrieved 2015-10-07.
- ^ "CPPIB and BC Partners Back Altice's Bid for Cablevision". Sovereign Wealth Fund Institute. 2015-10-28. Retrieved 2015-10-30.