Altice


Drahi launches public offer to take Altice Europe private

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 […]

Cogeco rejects revised C$11.1bn Altice USA bid

The Audet family, which holds a controlling interest in Canada’s Cogeco, has rejected a revised offer to acquire the company by Altice USA. Altice had been hoping to take over Cogeco’s US subsidiary Atlantic Broadband and divest the Canadian operation to Rogers Communications. Altice USA presented a revised offer to acquire 100% of Cogeco for […]

Audets resist Altice USA’s €7bn move to acquire Atlantic Broadband

Altice USA, the European-based service provider’s US offshoot, has made an offer to acquire the ninth largest American cable operator, Atlantic Broadband, through the purchase of the outstanding shares of Canada-based Cogeco Communications, its owner. However, Cogeco executive chairman Louis Audet and his family, who control multiple voting shares as controlling shareholder, have indicated via […]

Portugal’s Meo launches Android TV box

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 confirms guidance after solid Q2 despite media decline

Altice Europe has managed to confirm its financial guidance for the full year after turning in a solid Q2 performance in the face of the impact on the coronavirus crisis which, among other things, saw its media revenues plummet due to the collapse of the advertising market and the suspension of sports. Revenue for the […]

Altice’s BFMTV debuts new ‘automated vertical’ live mobile video

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 turns in solid Q1 performance

Altice Europe has turned in what founder Patrick Drahi was able to describe as “a solid performance…against this challenging backdrop” in the quarter to March. The company saw its revenues grow by 3.6% or 3.1% on a constant currency basis to €3.5 billion. EBITDA was up by 1% to €1.3 billion. Revenue was up in […]

Altice’s NextRadioTV axes sports news channel, downsizing pay TV operation

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 unveils new Portuguese fibre wholesaler

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 expects to ‘remain resilient’ after exceeding 2019 expectations

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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