|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||3.1950 - 3.4860|
|52 Week Range||2.2620 - 6.8600|
|Beta (5Y Monthly)||1.41|
|PE Ratio (TTM)||18.33|
|Earnings Date||May 07, 2020 - May 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.74|
Altice (ATUS) offers access to a plethora of free on-demand family-friendly content and Internet services with seamless broadband connectivity amid coronavirus pandemic.
(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.
Moody's Investors Service, ("Moody's") has today assigned B2 ratings to the proposed E2.75 billion-equivalent notes, including E600 million notes maturing in 2025, E1.1 billion notes and $1.2 billion notes both maturing in 2028, to be issued by Altice Financing S.A., the borrowing entity of Altice International S.a.r.l. Proceeds from this debt issuance will be used to fully redeem the $400 million senior unsecured notes maturing in 2024 issued by Altice Finco S.A. and the $2.06 billion and E500 million senior secured notes maturing in 2023 issued by Altice Financing S.A.
(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.
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...
Moody's Investors Service, ("Moody's") has today assigned B2 ratings to the proposed EUR2,000 million equivalent and EUR500 million senior secured notes due 2027 and 2024, respectively, to be issued by Altice France S.A., a subsidiary of Altice Luxembourg S.A. ("Altice Luxembourg" or the group). Proceeds from this debt issuance will be used to fully redeem EUR1,000 million equivalent of Altice Luxembourg 2022 senior notes and to fully repay Altice France's 2024 senior secured notes.