Altice (company)
| |
Public | |
Traded as |
Euronext: ATC AEX Component |
ISIN | NL0011333752 |
Industry |
Telecommunications Mass media |
Founded | 2001 |
Founder | Patrick Drahi |
Headquarters | Woerden, Netherlands |
Area served | Worldwide |
Key people |
Patrick Drahi (Chairman) Dexter Goei (CEO) |
Products | Cable television, Direct-broadcast satellite, broadcasting, broadband and telephony services, |
Revenue | €2,54 billion (2017) |
€2,845 billion (2017) | |
179,3 million (2017) | |
Total assets | €88,39 million (2017) |
Total equity | €30,00 million (2017) |
Owner |
Patrick Drahi (Controlling Shareholder) |
Number of employees | 47,143 (2018) |
Subsidiaries |
Altice Dominicana S.A. Altice Portugal SFR Hot Siresp (52,1%)[1] |
Website |
www |
Altice Europe (commonly known as Altice) is a Netherlands-based[2] multinational telecoms company, founded and headed by the Moroccan-born billionaire Patrick Drahi, and the second largest telecoms company in France, behind Orange.
It has a market capitalisation of €13.7 billion (US$16.29 billion), as of December 2017.[3][4] As of 2016, the company has over 50 million internet, TV, and phone customers in Western Europe, the U.S., Israel, and the Caribbean.[5]
History
Altice bought several regional cable television operators in France from 2002 to 2007, merging them under the brand Numericable.
In 2009, Patrick Drahi increased his stake in Hot, a cable television operator in Israel. Drahi completed the takeover in 2011, and offered to buy remaining shares in 2012.[6][7][8][9]
In November 2013, Orange announced it was selling Orange Dominicana to Altice for $1.4 billion.[10]
In March 2014, it acquired SFR, France's second largest mobile phone and Internet services company, from Vivendi.
In November 2014, France’s competition watchdog approved a deal for Numericable to acquire Virgin Mobile France for €325 million.[11]
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.[12]
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.[12] It was instead acquired by Charter Communications.[13]
In June 2015 Altice acquired Portugal Telecom and sold Cabovisão to Apax France.[14]
In June 2015, it was reported that Altice had offered €10 billion for Bouygues Telecom, the third largest telecoms company in France.[15] Bouygues' board refused and as of March 2016, is considering merging with Orange.[16]
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.[13][17]
In October 2015, it was announced that backing the Altice purchase of Cablevision, were private equity firm BC Partners and CPPIB.[18]
In December 2016, Altice announced its deal to sell SFR Belux to Telenet for €400 million.[19]
In March 2017, Altice acquired video ad tech firm Teads for US$307 million.[20]
In May 2017, Altice unveiled a new logo and slogan, "Together Has No Limits", and announced that it would unify all of its telecom holdings under the singular Altice brand by mid-2018.[21][22]
References
- ↑ Ribeiro, Sara (1 August 2018). "A Altice Portugal passou a ser a maior accionista do SIRESP - Sistema Integrado de Redes de Emergência e Segurança de Portugal. A dona da Meo anunciou esta quarta-feira que exerceu o direito de preferência na compra das participações da ESEGUR e Datacomp. Logo de seguida, o Estado anunciou que passou a deter 33% do capital". Jornal de Noticias (in Portuguese). Retrieved 2 August 2018.
- ↑ "Altice N.V. announces the completion of the cross-border merger" (PDF). Altice (Press release). 10 August 2015. Retrieved 15 August 2015.
- ↑ Laurent, Lionel (5 December 2017). "Cable Billionaire Stays In His $59 Billion Comfort Zone". Bloomberg. Retrieved 21 December 2017.
- ↑ "Altice shares drop down to new lows". Reuters. 30 November 2017. Retrieved 21 December 2017.
- ↑ Lieberman, David (22 June 2017). "Altice USA Shares Rise As It Goes Public On Anniversary Of Cablevision Deal".
- ↑ https://en.globes.co.il/en/article-1000513711
- ↑ https://en.globes.co.il/en/article-1000701877
- ↑ https://en.globes.co.il/en/article-1000787685
- ↑ https://www.challenges.fr/entreprise/drahi-le-patron-de-numericable-a-teste-en-israel-sa-strategie-pour-sfr_159770
- ↑ "Orange reached an agreement with Altice for the disposal of Orange Dominicana". orange.com. Archived from the original on 19 August 2016. Retrieved 10 September 2016.
- ↑ "French regulator approves Numericable-Virgin deal" (Press release). Reuters. 27 November 2014.
- 1 2 Smith, Gerry (20 May 2015). "Time Warner Cable Said to Get Takeover Approach From Altice". Bloomberg. Retrieved 21 May 2015.
- 1 2 "Altice to Buy Cablevision for $10 Billion". Wall Street Journal. 17 September 2015. Retrieved 17 September 2015.
- ↑ "Altice finalises acquisition of Portugal Telecom". Agence France-Presse and Business Insider. 2 June 2015. Retrieved 1 August 2015.
- ↑ Davidson, Lauren (21 June 2015). "Patrick Drahi eyes Bouygues Telecom for French merger". Daily Telegraph. Retrieved 22 June 2015.
- ↑ "March is 'go or no go' for Bouygues merger decision: Orange". cnbc.com. Retrieved 10 September 2016.
- ↑ Ackman, Dan (17 September 2015). "European cable firm Altice to buy Cablevision for $17.7 billion". CNET. Retrieved 7 October 2015.
- ↑ "CPPIB and BC Partners Back Altice's Bid for Cablevision". Sovereign Wealth Fund Institute. 28 October 2015. Retrieved 30 October 2015.
- ↑ "Altice to sell SFR BeLux to Telenet for 400 million euros" (Press release). Reuters. 22 December 2016.
- ↑ "Video ad tech firm Teads to be acquired by Dutch telco Altice for $307 million". Business Insider. Retrieved 21 March 2017.
- ↑ "Altice Unveils Unified Global Brand, Strategy". The Hollywood Reporter. Retrieved 2017-11-11.
- ↑ "Altice Unveils New Global Brand, Logo". Multichannel News. Retrieved 2017-11-11.