|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||6.90 - 6.90|
|52 Week Range||2.06 - 7.30|
|Beta (5Y Monthly)||1.38|
|PE Ratio (TTM)||6.16|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Altice's (ATUS) fourth-quarter results reflect revenue growth in Residential and Business Services, but decline in News and Advertising.
(Bloomberg) -- China warned France against treating Huawei Technologies Co. differently from European competitors when it comes to future 5G network equipment contracts, as the U.S. mounts a campaign to keep the Chinese tech giant at bay.In a lengthy statement issued on Sunday on its website, the Chinese embassy in Paris urged France to establish “transparent criteria and treat all companies in a similar way,” referring to telecom equipment makers.It also warned that a difference in treatment based on the country of origin would be considered “blatant discrimination” and “disguised protectionism.”The statement also carried a veiled warning.“We do not wish to see the development” in China of Finland’s Nokia Oyj and Sweden’s Ericsson AB being “impacted because of discrimination and protectionism” against Huawei by France and other European countries, the embassy said.Why 5G Mobile Is Arriving With a Subplot of Espionage: QuickTakeThe statement comes as France prepares to auction off 5G spectrum in April. France’s main carrier, Orange SA, has already announced it would leave Huawei out of its 5G network and work instead with Nokia and Ericsson.But two other French carriers who’ve been reliant on Huawei for their 4G networks, Altice Europe NV’s SFR and Bouygues SA’s telecom unit, have yet to name their 5G partners.The U.S. has been pressuring European allies to ban Huawei over fears that China’s government may be able to access its systems for spying. Huawei and Beijing officials deny there’s any such risk.“Huawei’s 5G equipment are totally safe” and have never presented any “backdoor” lapses, the statement from the embassy added.The U.K. government has faced a backlash from some senior lawmakers in its own party following a decision last month to let Huawei play a limited role in its 5G networks. That prompted one of China’s top diplomats in Britain to call their opposition “a witch hunt” in an interview with the BBC on Sunday.President Donald Trump has privately castigated Prime Minister Boris Johnson, and U.S. Secretary of State Mike Pompeo didn’t rule out the possibility that the episode could hurt post-Brexit trade talks between the countries.(Adds Chinese ambassador comment in penultimate paragraph.)\--With assistance from Thomas Seal.To contact the reporter on this story: Angelina Rascouet in Paris at email@example.comTo contact the editors responsible for this story: Thomas Pfeiffer at firstname.lastname@example.org, Jennifer Ryan, Anne PollakFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Altice Europe N.V. (Euronext ATC, ATCB) ("Altice Europe") announces that it has successfully priced and allocated €2.8 billion (equivalent) of new Senior Secured Notes at Altice International following significant excess demand:
(Bloomberg) -- Cellnex Telecom SA, the Spanish tower operator that has announced about 7 billion euros ($7.8 billion) of acquisitions since going public in 2015, is making its first deal of the year with the purchase of assets in Portugal.Cellnex, based in Barcelona, will acquire all of the towers held in a joint venture between Altice Europe NV, Morgan Stanley and Horizon Equity Partners, according to a filing Thursday. The venture, known as OMTEL, operates 3,000 sites across Portugal.The deal will be paid for in cash and has an enterprise value of 800 million euros, according to the statement. The assets, including the rollout of 400 sites over the next four years, will add 2.5 billion euros to Cellnex sales. The company’s shares rose 2.1% at 9:08 a.m. in Madrid.The transaction suggests European phone carriers looking to raise funds by monetizing their towers may continue to find demand for the assets in 2020 as they did in 2019. The steady, long-term cash-flow generated by mast operators has attracted private equity, infrastructure funds, and other investors.It also marks a quick turnaround for the sellers. The joint venture was formed less than 18 months ago when Morgan Stanley and Horizon acquired 75% of Altice’s Portuguese tower unit for an enterprise value of 660 million euros. At the time, Cellnex had shown interest in the assets.The deal is a “strategic positive” for Cellnex as it expands its footprint, and a “modest positive” for Altice, Andrew Lee, a Goldman Sachs analyst, wrote in a research note.Cellnex was the second-best performer on the Stoxx 600 Telecommunications Index last year, with a 94% increase. The top performer was Altice, at 238%.To contact the reporter on this story: Rodrigo Orihuela in Madrid at email@example.comTo contact the editors responsible for this story: Charles Penty at firstname.lastname@example.org, Andrew NoëlFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.
Today we'll evaluate Altice Europe N.V. (AMS:ATC) to determine whether it could have potential as an investment idea...
Telecoms and cable group Altice Europe said on Friday it would sell a 50% stake in its Portuguese fibre network to Morgan Stanley Infrastructure Partners for 2.3 billion euros ($2.5 billion) to help pay down its debt. Shares in the Amsterdam-listed group, founded and majority-owned by billionaire Patrick Drahi, were up by nearly 6% after the news by 1100 GMT. Altice Europe is saddled with 31 billion euros in debt and flipped its strategy two years ago from cost-cutting towards gaining clients and selling infrastructure assets to reduce debt and raise its stock price.
Debt-ridden telecoms and cable company Altice Europe said it would acquire French fibre wholesale operator Covage for about 1 billion euros ($1.1 billion), expanding the range of its fibre network business. Altice Europe said its deal, expected to close in the first half of 2020, would result in Altice's SFR FTTH unit and Covage deploying fibre networks over the next three to four years, as France sets up new 5G telecoms networks. The acquisition will be financed with 70 million euros worth of non-recourse debt, 465 million euros of cash equity to be contributed by Altice and 465 million euros of cash equity to be contributed by SFR FTTH's financial investors.
Analysts shrug off a third-quarter earnings fizzle and a deep stock price dive by Altice to take a long view of the cable giant's prospects.
Unless you borrow money to invest, the potential losses are limited. But if you pick the right business to buy shares...
Orange, France's biggest telecoms operator, stopped broadcasting free of charge TV channels controlled by rival Altice Europe in France on Thursday morning as a dispute on fees intensified, a spokesman said. Orange is the second telecoms operator to cut the signal of BFM TV, RMC Découverte and RMC Story from its set-top boxes after Iliad, as it refuses to pay Altice for the right to air them.
Cable and telecoms group Altice Europe lifted its full-year targets on Wednesday after its French division swung back to growth in the second quarter, signalling that a turnaround was underway in its main market. The group's founder and majority-owner Patrick Drahi, on a quest to reassure investors about the company's capacity to repay a hefty 30.1 billion-euro debt ($33.50 billion), hailed the performance as proof that his strategic shift from cost-cutting towards gaining clients and selling assets was working. "All our companies grew -- France, Portugal, International -- and this growth is accelerating quarter after quarter," the Franco-Israeli billionaire told analysts on a call.
Altice Europe's French division swung back to growth in the second quarter, the debt-ridden cable and telecoms group said on Wednesday, signalling that the turnaround was underway in its main market. As a consequence, Altice Europe raised its full-year targets.
June 17 (Reuters) - Art auction house Sotheby's said on Monday it would be taken private for $2.66 billion by a company owned by Altice Europe founder Patrick Drahi. Sotheby's shareholders will receive $57 in cash per share held. The offer represents a premium of 61% to Sotheby's Friday close. (Reporting by Nivedita Balu in Bengaluru; Editing by Sriraj Kalluvila