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.
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.
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 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 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’s major shareholder has issued a definitive refusal to the latest takeover bid from Altice USA and Rogers Communications.
Patrick Drahi, the founder and 40% shareholder of telecoms conglomerate Altice Europe, reckons the time is right to take it private.
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 has struck a deal with US investment bank Morgan Stanley which will see its Portuguese unit create a nationwide wholesale business.
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.
Revenues are down across the continent, but telecoms group Altice is pointing to healthy mobile acquisitions in France as a glimmer of hope.
Debt-riddled French telco conglomerate Altice has raised some much-needed cash by selling stakes in two of its tower holdings to private equity.
French telecoms conglomerate Altice has announced a good old reorganization in the light of its dodgy 2017.
Former Altice CEO Michel Combes wasted little time in moving on from his sacking by securing the CFO gig at US operator Sprint.
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.
French telecoms group Altice is planning to sell its business in the Dominican Republic to show it’s serious about whittling down its debt pile, according to a report.
Embattled telecoms group Altice has been forced to issue a statement addressing recent market speculation as its shares have continued to dive.
The share price of French telecoms group Altice has been going down the toilet, resulting in the departure of CEO Michel Combes.
Several reports reckon French telco group Altice is considering making a bid for US cableco Charter Communications.
The results are in from the Altice IPO which has caused a stir recently, and they are some good ones; the team has raised roughly $1.9 billion through the sale of around 6.5% of shares.
The European Commission has cast a suspicious eye over Altice, as it begins an investigation as to whether it began the takeover process of PT Portugal prior to receiving approval from the overseer.
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