Michel Combes

Sprint hires ex-Altice chief Combes as president and CFO

US mobile telecom operator Sprint has hired former Altice chairman and CEO Michel Combes as president and chief financial officer. Combes will take up his post from tomorrow and will report to CEO Marcelo Claure. He will be appointed to Sprint’s board at a later date. According to Sprint, Combes will be responsible for leading […]

Drahi steps in as Altice CEO resigns after share price nose-dives

Michel Combes has resigned as Altice chairman and CEO following the company’s worse-than-expected quarterly results last week. Altice’s share price sank by a over a quarter following the results that highlighted a poor performance by French unit SFR in particular and spooked investors concerned about the company’s debt level. Combes having fallen on his sword, […]

SFR to disappear from stock market on October 9

Altice-owned French service provider SFR will be withdrawn from the Paris stock exchange on October 9 following Altice’s buyout of the shares in the operator that it did not already own. French markets regulator the AMF said that Altice now owned 98.78% of the company’s capital and 98.74% of its voting rights after acquiring 12,975,220 […]

Altice’s SFR returns to growth

Altice-owned French service provider SFR returned to growth in the fourth quarter of last year, after 11 successive quarters of decline, posting revenue growth of 0.6%. The turnaround contributed to accelerated revenue growth for the group as a whole, with an uplift of 2.7% year-on-year. SFR added a further 1.6 million homes to its fibre […]

SFR to take full control of NextRadioTV

Altice Group-owned French service provider SFR has filed a plan with media regulator the CSA to take exclusive control of NextRadioTV. SFR said that the move represented a new stage in its strategic partnership with NextRadioTV, following its deal with the TV and radio channel provider in 2015. The operator said the decision to move […]

New management team for SFR

Altice chief operating officer Michel Combes has taken on the role of interim CEO of SFR, replacing Eric Denoyer, who has taken a role as member of the telco’s administrative council to help ensure continuity. Combes will fill the CEO role pending the appointment of a new chief executive, which is expected this month. The […]

Altice confirms Combes to be COO, Numericable-SFR chairman

Altice has confirmed the appointment of Alcatel Lucent CEO Michel Combes as chief operating officer of the group and chairman of the board of Numericable-SFR. “I am very pleased that Michel, whom I have known for over 20 years, has decided to join us to help structure the Group’s operations and to harmonize our best […]

Alcatel Lucent chief to take Numericable presidency, global Altice role

Altice chief Patrick Drahi has appointed Alcatel-Lucent chief executive Michel Combes as president of Numericable-SFR and global director of operations at Altice itself, and he will join the telecoms group next month, according to Le Figaro. According to the paper, Drahi has offered Combes, with whom he has a longstanding friendship, a position tailored to […]

Alcatel-Lucent CEO steps down from Altice board

Alcatel-Lucent CEO Michel Combes has stepped down from his role as independent non-executive director of Altice.  In a statement issued last week, Altice said that Combes had resigned from his position on May 19. Combes has been CEO of Altice,  the owner of French cable and telecoms giant Numericable-SFR, since April 2013 and has more […]

Nokia to acquire Alcatel-Lucent

Nokia is to acquire Alcatel-Lucent in an all-share deal that values the latter at €15.6 billion, representing a fully diluted premium of 34% and a premium of 28% to shareholders. The pair say that the combination will create major European technology company with expertise across both fixed and mobile segments.  The two companies have entered […]