Ampere: Altice strategy lacks focus, despite large growth

Altice has experienced a “meteoric rise” in the past 18 months, but its current strategy lacks focus, according to new research by Ampere Analysis. The report claims that, thanks to an aggressive US$50 billion (€45 billion) expansion plan, in the past year and a half Altice has transitioned from a private equity firm with a […]

Altice-Cablevision deal ‘fully funded’, partners to take US$1bn stake

Altice said that its US$17.7 billion (€15.7 billion) deal to acquire US cable player Cablevision is now “fully funded” after two fund partners agreed to take a US$1 billion stake. Funds advised by BC Partners (BCP) and Canada Pension Plan Investment Board (CPPIB) agreed to buy 30% of the equity of Cablevision for roughly US$1 billion. The […]

Altice announces new debt and shares for Cablevision purchase

Cable and telecom investor Altice has successfully raised US$8.6 billion (€7.6 billion) in new debt and has announced a 10% capital increase to finance its acquisition of US cable operator Cablevision. The debt comprises a seven-year senior secured term loan to the tune of US$3.8 billion, 10-year senior guaranteed notes to the amount of US$1 […]

Altice to acquire Cablevision in US$17.7 billion deal

Cable and telecom investor Altice has agreed a US$17.7 billion (€15.7 billion) deal to acquire US cable player Cablevision. Altice boss Patrick Drahi’s latest mega deal will see the Netherlands-based company pay US$34.90 in cash for each share – a premium of about 22% on yesterday’s closing price – in the fourth largest US cable […]

Cablevision stocks rise on Altice interest

US MSO Cablevision’s shares spiked at the end of last week after cable and telecom investor Patrick Drahi told the Wall Street Journal that he was interested in acquiring companies including Cablevision and Cox Communications to expand Altice’s US presence. Cablevision’s stock rose by 9% on the report. Drahi was named as potentially interested in […]

HBO Now streaming service goes live in the US

HBO’s standalone streaming service, HBO Now, has launched in the US via Apple devices and Cablevision’s Optimum Online service.  The OTT subscription service, which HBO unveiled last month, is available for US$14.99 per-month, with the first 30 days free for those who sign up this month. “Just in time for the premiere of the fifth […]

Liberty Global to put LiLAC spin-off to vote this month

Liberty Global’s spin-off of its Latin American and Caribbean assets with the creation of a tracking stock is a “good deal for investors” that will “give investors a choice…to decide where they want to invest”, according to president and CEO Mike Fries. Fries, speaking on an analyst call after Liberty Global’s full-year results at the […]

Cablevision’s Yvette Kanouff joins Cisco

Cablevision Systems’ executive vice president of corporate engineering and technology Yvette Kanouff is joining Cisco to head up its service provider video software and solutions (SPVSS) division. Kanouff will lead the unit that is home to Cisco’s Videoscape software and solutions for pay-TV service providers and media and entertainment companies. She will be responsible for a […]

Cablevision-Viacom bundling spat continues

Cablevision has accused Viacom of threatening to impose penalties in the region of US$1 billion-plus (€800 million) for licensing its core, rather than its entire suite, of channels.    In legal documents, made public yesterday, the US cable operator said that Viacom “strong-armed Cablevision into carrying suite networks” by threatening to impose a “near US$X […]

Cablevision sues Viacom over bundling

Cablevision has sued Viacom in the US, claiming that the channel owner forces it to air less popular networks in order to carry the likes of Nickelodeon, MTV and Comedy Central. In an antitrust lawsuit filed in a federal court in Manhattan, Cablevision argued Viacom was illegally coercing it to pay for 14 “lesser-watched ancillary […]