Altice ‘looking at Charter bid’

Altice and its US offshoot Altice USA are in the initial stages of putting together an offer to acquire number two US cable operator Charter Communications, according to various reports. According to CNBC, which first reported the move, citing unnamed sources, Altice is working with banks to finance a possible deal, which would involve a […]

Altice boss Drahi reportedly preparing US IPO registration

Altice boss Patrick Drahi is preparing to kick of the process of floating a minority stake in his US operation by the end of this month, according to French press reports. According to financial daily Les Echos, Altice is preparing to publish its IPO registration by the end of April ahead of the flotation of […]

Altice moves to ease debt burden

Cable and telecoms group Altice has secured two loans from amounting to just over US$3.8 billion to refinance its existing debt. The company, which owns SFR in France as well as asset including Portugal Telecom, US cable operators Cablevision and Suddenlink and Hot in Israel, said it had successfully priced a US$2.5 billion eight year […]

SFR hits Altice results but US turns in strong performance

Altice Group second quarter financials were pulled down by continued subscriber, revenue and earnings losses at French unit SFR, despite a solid performance elsewhere, including its new US acquisitions. Total French revenues fell by 4.3% year-on-year to €2.781 billion, which included revenues from its new content and media assets. Adjusted EBITDA, like revenue, was hit […]

Altice appoints global chief data officer

Altice has appointed former Cablevision exec, Paul Haddad, as its global chief data officer. Haddad, who joins with immediate effect, is tasked with creating and monetising a “world-class data analytics practice” across all Altice’s telecom and media subsidiaries. He will launch local and global ad solutions, drive the development of products in each of Altice’s […]

Altice completes Cablevision acquisition

Altice has completed the acquisition of US cable operator Cablevision. Altice will now move ahead with its plan to merge the New York-based service provider with its existing US subsidiary Suddenlink Communications to create Altice USA, the number four cable operator in the country, with over 4.6 million customers across 20 states. Altice agreed to […]

All change at Altice as Drahi steps down as president

Altice boss Patrick Drahi has stepped down from his role as president of the company in favour of former CEO Dexter Goei ahead of the group’s acquisition of Cablevision in the US. Goei will take over the new US operation as chairman and CEO of Altice USA, in addition to his role as president of […]

FCC approves Altice’s US$17.7bn Cablevision deal

The Federal Communications Commission (FCC) has approved Altice’s US$17.7 billion (€15.7 billion) deal to acquire US cable player Cablevision. In a memo released yesterday, the US regulator said that the deal is “unlikely to result in any significant public interest harms” and that approving the deal “serves the public interest.” “We find that the transaction […]

Cablevision launches Hulu on Optimum TV

US operator Cablevision has integrated Hulu into its Optimum TV service, letting customers access the online streaming service from the interactive program guide. Hulu will be available on all current-generation Optimum TV set-top boxes on channel 605. Existing Hulu subscribers will be able to access the service by tuning to the channel and signing into […]

Unitymedia drops down Netflix’s ISP Speed Index

Unitymedia Kabel was among the major movers in Netflix’s latest ISP Speed Index, with the Germany operator’s average web speed falling to 3.18 Mbps in January. Netflix noted that the internet service provider, which had ranked at the top since Netflix launched service in that country, dropped thee places in the month to eighth place. […]