Altice (company)
| Altice | |
| Public | |
| Traded as | Euronext: ATC |
| Industry | Telecommunications Mass media |
| Founded | 2001 |
| Headquarters | Woerden, Netherlands |
|
Area served
|
Worldwide |
|
Key people
|
Patrick Drahi (Chairman) Dexter Goei (CEO) |
| Divisions | Altice Media Group Portugal Telecom Suddenlink Communications (70%) |
| Subsidiaries | SFR Virgin Mobile France Ma Chaîne Sport Meo Sapo Suddenlink Communications (70%) Hot Tricom Orange Dominicana green.ch |
| Website | www |
Altice is a Netherlands[1]-based 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 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 is instead in the process of being acquired by Charter Communications.[3]
In June 2015 Altice acquired Portugal Telecom.[4]
In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in Europe.[5] Bouygues' board refused and as of March 2016, is considering merging with Orange.[6]
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.[3][7]
In October 2015, backing the Cablevision purchase for Altice, were private equity firm BC Partners and CPPIB. [8]
In February 2016, Orange announced selling Orange Dominican to Altice for $1.4 billion.[9]
References
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- ↑ http://www.budde.com.au/Research/France-Telecoms-Infrastructure-Operators-Regulations-Statistics-and-Analyses.html
