Telecom tycoon Patrick Drahi has received a green light to take Altice Europe private from company shareholders. An EGM on January 7 approved resolutions that enable Drahi to take control of the company and delist it from the Amsterdam stock exchange. Drahi, who holds 77.6% of Altice Europe, secured a yes vote to his offer […]
A minority investor in Altice Europe has objected to the all-cash offer launched by founder Patrick Drahi with the aim to take the company private, and has accused Drahi of an “illicit” move to transfer value to himself at the expense of other shareholders. Lucerne Capital Management, which advises funds owning about €94 million of […]
Altice Europe boss Patrick Drahi has launched his planned public offer to take the company private. The company, which operates networks and media in France, Portugal and Israel, is currently quoted on the Amsterdam exchange. Drahi is offering €4.11 a share for Altice Europe stock, representing a premium of 23.8% over the September 10 closing […]
Altice Europe-owned Portuguese service provider Meo has launched an Android TV set-top box, enabling it to make the claim to be “the first market leader in the world” to offer both Apple TV and Android TV options to its subscribers. Meo said that the new Android TV box, developed jointly by Altice Labs – the […]
Altice France-owned sports broadcaster RMC Sport is set to strike an agreement to share next season’s UEFA Champions League football rights with Mediapro, the Spanish broadcaster and producer that has already disrupted the French premium sports world by acquiring the rights to Ligue 1 and Ligue 2. According to financial daily Les Echos, Mediapro’s Téléfoot, […]
Altice France-owned news channel BFMTV has launched a new ‘vertical’ smartphone video experience that automatically converts the horizontal frames of standard TV streams to a vertical format better suited to smartphone screens. The news channel has tapped technology startup Wildmoka to provide the workflow for the new service, dubbed ‘Live Vertical’, which is claimed as […]
Altice Europe’s French media arm NextRadioTV is to axe its sports news channel and has announced plans for a major revamp of its media activities that will involve significant cuts and job losses. The group will shut down RMC Sport News and will wind down its involvement in sports including athletics, equestrian sports and tennis. […]
Altice Europe has unveiled the creation of Fastfiber, the fibre wholesale outfit for Portugal formerly known as Altice Portugal FTTH. The launch of the newly branded company follows the December 2019 acquisition by Morgan Stanley Infrastructure Partners’ of a 49.99% stake in the fibre unit. Altice says that Fastfiber is by far the largest FTTH […]
Altice Europe’s Israeli business Hot Telecoms has officially ended talks with Partner Communications over a potential merger. In a succinct statement, Altice said: “Altice Europe has taken note of recent market speculation regarding Hot Telecommunication Systems and Partner Communications. Altice Europe confirms that its fully owned subsidiary Hot has terminated discussions regarding the potential acquisition […]
Service provider Altice Europe expects its cash-flow to “remain resilient” in the face of the Coronavirus pandemic after it ended 2019 on a high with revenue for the full year growing by 11.2% to €4.042 billion, an improvement on the 6.9% growth recorded in 2018. The company said its performance exceeded guidance it had given. […]
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