Altice (company): Difference between revisions
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Revision as of 20:02, 14 January 2018
.png){kind=logo} | |
| Company type | Public |
|---|---|
| Euronext: ATC | |
| Industry | Telecommunications Mass media |
| Founded | 2001 |
| Headquarters | |
Area served | Worldwide |
Key people | Patrick Drahi (Chairman) Dexter Goei (CEO) |
| Owner | Patrick Drahi (Controlling Shareholder) |
| Website | www |
Altice is a Netherlands-based[1] multinational telecoms company, founded and headed by the Moroccan-born 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.[2][3] As of 2016, the company has over 50 million internet, TV, and phone customers in Western Europe, the U.S., Israel, and the Caribbean.[4]
History
Altice bought several telecoms in France from 2002 to 2007, merging them under the brand Numericable.
In November 2013, Orange announced it was selling Orange Dominicana to Altice for $1.4 billion.[5]
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.[6]
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.[7]
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.[7] It was instead acquired by Charter Communications.[8]
In June 2015 Altice acquired Portugal Telecom and sold Cabovisão to Apax France.[9]
In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in France.[10] Bouygues' board refused and as of March 2016, is considering merging with Orange.[11]
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.[8][12]
In October 2015, it was announced that backing the Altice purchase of Cablevision, were private equity firm BC Partners and CPPIB.[13]
In December 2016, Altice announced its deal to sell SFR Belux to Telenet for €400 million. [14]
In March 2017, Altice acquired video ad tech firm Teads for US$307 million.[15]
In May 2017, Altice 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.[16][17]
In 2017, Altice acquired the Israeli telecommunications company Hot (Israel).
References
- ^ "Altice N.V. announces the completion of the cross-border merger" (PDF). Altice (Press release). 10 August 2015. Retrieved 15 August 2015.
- ^ Laurent, Lionel (5 December 2017). "Cable Billionaire Stays In His $59 Billion Comfort Zone". Bloomberg. Retrieved 21 December 2017.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Altice shares drop down to new lows". Reuters. 30 November 2017. Retrieved 21 December 2017.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ Lieberman, David (22 June 2017). "Altice USA Shares Rise As It Goes Public On Anniversary Of Cablevision Deal".
- ^ "Orange reached an agreement with Altice for the disposal of Orange Dominicana". orange.com. Retrieved 10 September 2016.
- ^ "French regulator approves Numericable-Virgin deal" (Press release). Reuters. 27 November 2014.
- ^ a b Smith, Gerry (20 May 2015). "Time Warner Cable Said to Get Takeover Approach From Altice". Bloomberg. Retrieved 21 May 2015.
- ^ 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. 2 June 2015. Retrieved 1 August 2015.
- ^ Davidson, Lauren (21 June 2015). "Patrick Drahi eyes Bouygues Telecom for French merger". Daily Telegraph. Retrieved 22 June 2015.
- ^ "March is 'go or no go' for Bouygues merger decision: Orange". cnbc.com. Retrieved 10 September 2016.
- ^ Ackman, Dan (17 September 2015). "European cable firm Altice to buy Cablevision for $17.7 billion". CNET. Retrieved 7 October 2015.
- ^ "CPPIB and BC Partners Back Altice's Bid for Cablevision". Sovereign Wealth Fund Institute. 28 October 2015. Retrieved 30 October 2015.
- ^ "Altice to sell SFR BeLux to Telenet for 400 million euros" (Press release). Reuters. 22 December 2016.
- ^ "Video ad tech firm Teads to be acquired by Dutch telco Altice for $307 million". Business Insider. Retrieved 21 March 2017.
- ^ "Altice Unveils Unified Global Brand, Strategy". The Hollywood Reporter. Retrieved 11 November 2017.
- ^ "Altice Unveils New Global Brand, Logo". Multichannel News. Retrieved 11 November 2017.
