Altice raises BT stake but doesn’t launch buyout bid…yet
BT’s future is still unclear after Altice UK increased its stake in the incumbent to 18 percent.
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Altice
Eutelsat rejects takeover bid from Altice owner
Eutelsat has turned down a takeover offer from French businessman Patrick Drahi, probably because his bid was not large enough to warrant further discussion.
Altice spends €400 million-plus on French telco
Altice France has brokered a deal to acquire Coriolis Telecom, a moderately-sized French telco, for a sum that could go north of €400 million.
Altice set to flog Portuguese holdings
It has been reported that French telecoms conglomerate Altice wants to raise a few euros by selling what’s left of the Portuguese business it acquired in 2014.
Altice buys 12% of BT and expects us to believe it just wants to help
French telecoms group Altice has bought 12.1% of UK operator BT’s shares and reckons BT needs top tips on fibre rollout.
Altice buys half a French MVNO
Altice France plans to acquire Afone Participations, a provider of telecoms and electronic payments services that holds a 50% stake in a medium-sized MVNO.
Altice slashes French jobs as it feels investment pinch
The Covid-19 pandemic has increased demand for telecoms services so, counterintuitively, Altice France plans to cut as much as 11% of its workforce this year.
Altice USA CEO pushes back on calls for provider-level censorship
Asked about the pressure from two US politicians on cable providers not to offer right-wing TV news channels, Dexter Goei said he’ll let the market decide.
Cellnex pays way more for French towers than KKR did two years ago
Cellnex is at it again. The Spanish infrastructure specialist has brokered a €5.2 billion deal to acquire Altice’s French towers portfolio which it plans to finance via a sizeable capital hike.
Altice accepts defeat in Cogeco takeover saga
Altice USA will not continue to pursue an acquisition of Canada’s Cogeco, having failed to win over its major shareholder before its C$11.1 billion (US$8.4 billion) offer expired.
Cogeco owners give a firm ‘no’ to new Altice, Rogers bid
Cogeco’s major shareholder has issued a definitive refusal to the latest takeover bid from Altice USA and Rogers Communications.
Altice Europe bids to go private
Patrick Drahi, the founder and 40% shareholder of telecoms conglomerate Altice Europe, reckons the time is right to take it private.
Altice’s $3.6 billion bid to extend US footprint thwarted by Canada’s Cogeco
Altice USA was prepared to drop US$3.6 billion to extend its footprint in the eastern US, but Canada’s Cogeco declined to sell it the assets it sought.
Altice bags €2.3bn Morgan Stanley cash in wholesale deal
Altice has struck a deal with US investment bank Morgan Stanley which will see its Portuguese unit create a nationwide wholesale business.
SFR FTTH buys fibre wholesaler Covage for a billion euros
The French fibre sector is undergoing a spot of consolidation with the news that Altice-owned SFR is acquiring the country’s fourth largest fibre wholesaler.
Altice still under pressure to make Europe work
Revenues are down across the continent, but telecoms group Altice is pointing to healthy mobile acquisitions in France as a glimmer of hope.
Altice raises €2.5 billion by flogging some towers
Debt-riddled French telco conglomerate Altice has raised some much-needed cash by selling stakes in two of its tower holdings to private equity.
Altice does some more corporate tinkering
French telecoms conglomerate Altice has announced a good old reorganization in the light of its dodgy 2017.
Combes sprints over to the US following Altice failure
Former Altice CEO Michel Combes wasted little time in moving on from his sacking by securing the CFO gig at US operator Sprint.
RCom, Altice and BT show you can’t just spend your way to relevance
Digital transformation has turned the telco industry on its head with some telcos trying to buy themselves out of the hole, but recent events have proved money isn’t always the answer.
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