Altice Europe

This article covers the international internet service provider. For the American sister company, see Altice USA and the American Playmate, see Summer Altice .

Altice Europe NV
legal form	Naamloze Vennootschap
ISIN	NL0011333752
founding	2014
Seat	Woerden , Netherlands
management	Alain Weill (CEO) Patrick Drahi (Chairman of the Board of Directors)
Number of employees	9363 (December 31, 2014)
sales	13.5 billion euros (2014)
Branch	Cable operator , telecommunications
Website	www.altice.net

Altice Europe (formerly Altice ), based in the Dutch municipality of Woerden, is a listed internet company owned by the French-Israeli entrepreneur Patrick Drahi with interests in internet broadband providers and the like. a. in France , Israel , Belgium , Portugal and the Caribbean . The largest holding is the French mobile operator SFR , which is held through Altice France (formerly Numericable ). Altice's American businesses have been made independent under the name Altice USA since 2017 and have since been listed separately on the NY Stock Exchange as a sister company also controlled by Patrick Drahi.

background

Starting in 2002, the entrepreneur Patrick Drahi bought a number of cable providers in France and thus operated the consolidation of the French cable network market; at the same time, the successive acquisition of foreign investments took place. The business in France was listed on the Paris Stock Exchange in November 2013 under the umbrella of Numericable. Numericable and the international holdings were combined under Altice in January 2014; shortly thereafter, Altice went public on the Amsterdam Stock Exchange. Immediately after the IPO, Patrick Drahi held 70 percent of Altice. In 2015 Altice was converted from a Luxembourgish to a Dutch company.

Holdings

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The main Altice holdings are:

• France: Altice holds a 30 percent stake in the Internet service provider Numericable and an option to expand this stake by 10 to 40 percent. In March 2014, Numericable announced that it had submitted an offer worth EUR 11.75 billion for the French mobile operator SFR ; the purchase was completed in several steps by mid-2015
• Israel: Altice holds 100 percent of the pay TV and telecommunications provider Hot .
• Belgium and Luxembourg: Altice holds 84 percent of the pay TV and telecommunications provider Coditel
• Portugal: Altice holds 100 percent of Portugal Telecom
• Dominican Republic: Altice holds 100 percent of the mobile phone operator Orange Dominicana and the interservice provider Tricom .
• French overseas territories: Altice holds 100 percent of the telecommunications and internet service provider Outremertelecom .
• Switzerland: green.ch

In March 2015, Altice announced the acquisition of Suddenlink, the seventh largest cable operator in the United States, for $ 9 billion. In September 2015 Altice took over the fifth largest cable network operator in the USA, Cablevision, which is mainly active in the New York area, for 17.7 billion US dollars .

Given its high level of debt, the Altice Group sold assets; In 2017, for example, the Swiss internet and data center operator Green was transferred to the investment company Infravia Capital Partners . The deal was closed in early 2018; the price is CHF 214 million.

Web links

• Altice homepage

Individual evidence

1. ↑ ^{a b} Annual Report 2014 (PDF) Archived from the original on October 5, 2015. Accessed on July 24, 2020.
2. ↑ n-tv news television: Altice reaches for Cablevision .
3. ↑ Green.ch gets a new owner . In: nzz.ch, December 1, 2017, accessed on December 2, 2017.