Altice (company)
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| Altice | |
| Company type | Public |
| Euronext: ATC | |
| Industry | Telecommunications Mass media |
| Headquarters | Luxembourg |
Key people | Patrick Drahi (Chairman) Dexter Goei (CEO) |
| Website | www |
Altice is a Luxembourg-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 $34 billion, as of May 2015.[1]
Acquisitions
In May 2015, agreement was reached to buy 70% of Suddenlink Communications, which values the seventh-largest US cable company at $9.1 billion. The other 30% will continue to be owned by BC Partners and CPP Investment Board.[1]
In May 2015, Altice was said to be launching a bid for Time Warner Cable, which has a market capitalization is about $45 billion.[1]
In June 2015 Altice acquired Portugal Telecom.[2]
In June 2015, it was reported that Altice, France's second largest telecoms company, had offered €10 billion for Bouygues Telecom, the third largest.[3]
References
- ^ a b c Smith, Gerry (20 May 2015). "Time Warner Cable Said to Get Takeover Approach From Altice". Bloomberg. Retrieved 21 May 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.