Altice (company)
| File:Altice Logo.svg | |
| Altice | |
| 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) |
| Divisions | Altice Media Group Portugal Telecom Altice USA |
| Subsidiaries | SFR MEO Sapo Suddenlink Communications (70%) Hot Tricom |
| Website | www |
Altice is a Netherlands-based[1] 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 was instead 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 France.[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]
In March 2017, Altice acquired video ad tech firm Teads for US$307 million.[10]
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.
- ^ "Orange reached an agreement with Altice for the disposal of Orange Dominicana". orange.com. Retrieved 10 September 2016.
- ^ 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.
- ^ "Video ad tech firm Teads to be acquired by Dutch telco Altice for $307 million". Business Insider. Retrieved 21 March 2017.
