|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||18.70 - 18.70|
|52 Week Range||10.00 - 32.05|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jul 11, 2018|
|1y Target Est||N/A|
(Bloomberg) -- Prepare for lots of fake applause, canned laughter and repeats.As coronavirus halts major live events and TV productions across Europe, broadcasters are struggling to keep their schedules full and entertaining for people now stuck at home.It’s requiring some ingenuity and sleights of hand: in Germany, broadcaster ProSiebenSat.1 Media SE is airing live hit show “The Masked Singer” without a studio audience, sprucing up the singing competition with audio of applause recorded during last week’s episode.In the U.K., long-running BBC soap opera “Eastenders” has been postponed and is effectively being rationed, cut from four episodes to two per week, so that existing programs already filmed can last for “as long as possible,” the BBC said in a statement. In ITV Plc’s rival soap opera, “Coronation Street,” kissing scenes have been banned.The virus is challenging traditional broadcasters more than streaming giants like Netflix Inc. and Amazon.com Inc., which are less reliant on live programming and advertising revenue, both of which have been badly hit. For example, the suspension of top-flight club soccer and postponement of UEFA’s Euro 2020 competition have left large gaps in the schedules of Comcast Corp.’s Sky, ITV and France’s RMC Sport, owned by Altice Europe NV.TV Industry Faces Billions in Lost Ads During Sports Hiatus (1)“It’s a perfect storm,” said John Turner, global head of media practice at management consultants Oliver Wyman. He said long-term production of shows will be shelved and broadcasters won’t be able to charge such high advertising rates when showing old library content. Pan-regional broadcasters, like Discovery Inc.’s Eurosport and Time Warner Inc.’s CNN, will also suffer as they tend to benefit from global tourism marketing and luxury brand ads, which have declined steeply due to the virus. “It’s going to be ugly,” said Turner.Virus Restrictions Seen Boosting Disney’s Europe Streaming DebutSky is allowing viewers to freeze payments for sport subscriptions after the English soccer Premier League was put on hold. It will replace live games with feature programs and archive footage. In France, RMC Sport will broadcast documentaries and famous old matches such as European Cup games to fill its scheduling gap, Herve Beroud, Altice Media’s deputy director general in charge of news and sports, said in a radio interview on Wednesday.“There’s no black screen, obviously,” Beroud said. “We have a large catalog.”For 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'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 firstname.lastname@example.orgTo contact the editors responsible for this story: Thomas Pfeiffer at email@example.com, 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.
(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 firstname.lastname@example.orgTo contact the editors responsible for this story: Charles Penty at email@example.com, 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.
The sale of Altice's <ATCA.AS> Portuguese fibre optic network is expected soon and is likely to be a minority stake of 40-49%, company executives said on Thursday. Telecoms and cable group Altice Europe, founded by billionaire Patrick Drahi, originally aimed to sell the network by the second quarter of this year to reduce debt, which in 2018 represented more than double its annual revenue. Altice director Dennis Okhuisjen, speaking at a Morgan Stanley conference in Barcelona, said that a deal was expected on the Portuguese network before the next set of quarterly results.
The sale of Altice's Portuguese fiber optic network is expected soon and is likely to be a minority stake of 40-49%, company executives said on Thursday. Telecoms and cable group Altice Europe, founded by billionaire Patrick Drahi, originally aimed to sell the network by the second quarter of this year to reduce debt, which in 2018 represented more than double its annual revenue. Altice director Dennis Okhuisjen, speaking at a Morgan Stanley conference in Barcelona, said that a deal was expected on the Portuguese network before the next set of quarterly results.
Concern about competition and the changing content business model in the industry drove the rating moves by analyst Sunil Rajgopal.
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.
Portugal's telecommunications market regulator Anacom plans to hold an auction between April and June next year to allocate next-generation 5G frequencies to national operators, it said on Wednesday. Anacom said its decision is aligned with European Commission plans to start launching 5G services in all member states by the end of 2020 at the latest. With the auction, Anacom wants to create market conditions to "enable the emergence of operations with different dimensions," it said in a statement, adding that interested parties will be able to "acquire the amount of spectrum they really need and value".
Unless you borrow money to invest, the potential losses are limited. But if you pick the right business to buy shares...
Bernstein has launched coverage of the telecom, cable and satellite sector with a mostly positive outlook and bullish recommendations on several stocks. The Analyst Bernstein analyst Peter Supino initiated ...
On CNBC's "Fast Money Halftime Report," Pete Najarian said options traders were buying the Oct. $25 calls in Tapestry Inc (NYSE: TPR). Najarian decided to follow the trade and he is planning to hold the position for a month or a month and a half. Pete Najarian noticed a purchase of 6,000 contracts of the Sept. $30 calls in Altice USA Inc (NYSE: ATUS).
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.
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.
Based on Altice Europe N.V.'s (AMS:ATC) earnings update in March 2019, analyst forecasts appear to be bearish, with...
Anyone researching Altice Europe N.V. (AMS:ATC) might want to consider the historical volatility of the share price...
Patrick Drahi, the billionaire behind telecoms and media group Altice , has agreed to buy art auction house Sotheby's in a deal worth $3.7 billion on an enterprise value basis. Sotheby's said it had signed a definitive agreement to be acquired by BidFair USA, an acquisition vehicle set up by Drahi, that had offered $57 in cash per share to buy out Sotheby's. The offer represented a premium of 61% to Sotheby's closing price on Friday.