|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||1.8225 - 1.8900|
|52 Week Range||0.9554 - 3.6300|
|Beta (3Y Monthly)||2.11|
|PE Ratio (TTM)||1.92|
|Earnings Date||Mar 28, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||3.74|
LONDON/PARIS (Reuters) - Debt-burdened telecom carrier Altice Europe is gearing up to sell a stake in its high-speed fiber network business in Portugal, sources familiar with the matter told Reuters, with an auction process expected to kick off within a fortnight. Altice, which took control of Portugal Telecom in 2015, is looking to replicate its recent sale of a 49.99 percent stake in French fiber optic business SFR FTTH to three investment funds for 1.8 billion euros. The group, whose founder is billionaire Patrick Drahi, has hired Lazard to sound out potential bidders including U.S. funds KKR and Morgan Stanley Infrastructure Partners, the three sources said.
Telecom company Altice is about to close a significant investment in French startup Molotov — the two companies have entered into exclusive negotiations. While terms of the deal are undisclosed, Altice is investing a large sum of money and should end up with a majority stake in Molotov — it's more like a fundraising round than a traditional acquisition. "We're doing a 60/40 deal," Molotov co-founder and CEO Jean-David Blanc told me.
New York isn't just asking Charter to clean up its act. The state has reached a settlement with Altice (Optimum's owner), Frontier, RCN and Engadget parent company Verizon that will have them adhere to stricter standards for advertising internet speeds. The companies will also have to make "direct financial commitments" to both improve their networks and offer compensation for some customers.
Altice and Publicis said they will pay some employees in France a bonus of 1,000 euros ($1,139), in response to a speech by French President Emmanuel Macron aimed at defusing social unrest.
On Friday, his Altice Europe NV agreed to sell just under half its French fiber broadband operation to a group of Canadian, French, and German infrastructure funds for 1.8 billion euros ($2.1 billion). The price looks good, and Altice gets to reduce its debt. It will also be able to fund the roll-out of ultra-fast internet connections to consumers at the dirt-cheap rates available to big infrastructure projects.
Telecoms and cable group Altice Europe (ATCA.AS) on Friday said its French unit had agreed to sell a 49.99 percent stake in its SFR FTTH fibre optic business to three investment funds for 1.8 billion euros (1.6 billion pounds), sending its shares soaring. Allianz Capital Partners, AXA Investment Managers and OMERS Infrastructure were investing in the unit, Altice said, in a deal that valued the division as a whole at 3.6 billion euros. The telecoms group, owned by billionaire Patrick Drahi, is striving to regain market confidence after a steep fall in its shareprice a year ago heightened concerns about its ability to repay its 30 billion euros of debt.
Altice Europe N.V. (Euronext ATC, ATCB) (“Altice Europe”) announces today that its subsidiary Altice France has entered into an exclusivity agreement with Allianz Capital Partners (“ACP”), AXA Investment Managers - Real Assets, acting on behalf of its clients (“AXA IM – Real Assets”), OMERS Infrastructure (“Omers”), (together the “Partners”) regarding the sale of a minority equity stake of 49.99% in SFR FTTH for a total cash consideration of €1.8 billion based on a €3.6 billion1 equity value.
Drahi’s Altice Europe NV reported earnings on Wednesday that fell short of analyst estimates as the parent of SFR spent more than expected on promotions to lure new subscribers. The earnings report came the same day as Stephane Richard, CEO of France's dominant carrier, Orange SA, told Les Echos he expected discussions about consolidation in the French telecommunications industry to restart in the first half. The quartet, which is rounded out by Bouygues SA and Iliad SA, is plagued by steep competition in France.
Telecoms and cable group Altice Europe (ATCA.AS) reported a sharp increase in customers in France in the third quarter, thanks to heavy promotions, and said it expects to return to growth next year. In the past year Amsterdam-listed Altice Europe has shifted focus from cost-cutting towards gaining clients and selling infrastructure assets to reassure investors, after heavy investments in broadcasting rights, including the Champions League in France. The group, owned by billionaire Patrick Drahi, said its third-quarter core operating profit fell by 6.8 percent from a year ago to 1.3 billion euros ($1.48 billion), as it spent money on promotions to attract subscribers.
Telecoms and cable group Altice Europe said its third-quarter core operating profit fell by 6.8 percent as it sought to regain market share its France through heavy promotions in both fixed and mobile. ...
The big shareholder groups in Altice Europe NV (AMS:ATC) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller Read More...
Altice USA Chief Executive Officer Dexter Goei called on Wednesday for the consolidation of fixed and wireless telecoms businesses in the United States. Altice USA owns the fourth-biggest cable operator ...
LONDON/PARIS (Reuters) - Rival consortia led by U.S. buyout fund KKR (KKR.N) and Germany's insurer Allianz (ALVG.DE) are among the four main contenders for a stake in the fiber network business of Dutch-based telecom company Altice (ATCA.AS), sources said. The two other bidding groups are led by Australian investment firm Macquarie (MQG.AX) and U.S. infrastructure fund I Squared Capital respectively, four sources close to the deal told Reuters. Altice's majority owner Patrick Drahi is trying to pay down Altice Europe's 32 billion-euro debt pile and share the burden of ploughing cash into the costly roll-out of its fiber optic network in France.
LONDON/PARIS (Reuters) - Rival consortia led by U.S. buyout fund KKR (KKR.N) and Germany's insurer Allianz (ALVG.DE) are among the four main contenders for a stake in the fibre network business of Dutch-based telecom firm Altice (ATCA.AS), sources said. The two other bidding groups are led by Australian investment firm Macquarie and U.S. infrastructure fund I Squared Capital respectively, four sources close to the deal told Reuters. Altice, which runs France's second biggest telecom operator, is selling a stake of between 40 and 60 percent of its fibre network unit in a deal that could be worth up to 3.6 billion euros (3.14 billion pounds), the sources said.
Altice Europe N.V. (Euronext ATC, ATCB) (“Altice Europe”) announces today strengthening of the Altice Europe Board of Directors (the “Board”) and evolution of Group management. Malo Corbin is appointed Altice Europe CFO. Malo previously held the role of Finance Director for Altice Europe and prior to that Chief Controlling Officer and Vice President M&A for the Group, working closely with the Founding Team.
Altice Europe NV’s (AMS:ATC): Altice Europe N.V. operates as a telecom, content, media, entertainment, and advertising company in France and internationally. With the latest financial year loss of -€546m and Read More...
The Portuguese unit of telecoms firm Altice is actively discussing expanding into financial services in 2019 and is in talks with two banks about how to do it, the company's chief executive Alexandre Fonseca said. "It's a possibility [for next year], without a doubt," Fonseca told Reuters, adding that his company is talking with two Portugal-based financial institutions about the project. Fonseca did not say which institutions Altice Portugal, the country's largest telecoms operator, had picked as potential partners, nor the type of services it hopes to deliver.