6AT.F - Altice Europe N.V.

Frankfurt - Frankfurt Delayed Price. Currency in EUR
2.9050
+0.0340 (+1.18%)
As of 3:45PM CEST. Market open.
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Previous Close2.8710
Open2.8800
Bid2.8920 x 150000
Ask2.9120 x 150000
Day's Range2.8800 - 2.9050
52 Week Range1.4980 - 3.5220
Volume400
Avg. Volume1,363
Market Cap3.469B
Beta (3Y Monthly)1.43
PE Ratio (TTM)1.41
EPS (TTM)2.0580
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Altice to Keep Its Offices in NYC Tower Once Slated for Amazon
    Bloomberg3 days ago

    Altice to Keep Its Offices in NYC Tower Once Slated for Amazon

    (Bloomberg) -- Cable provider Altice USA will keep its offices in the New York skyscraper that Amazon.com Inc. had planned to move into before abandoning a deal to build a major campus in the city.The television company has been at One Court Square since 2017, but would have been booted to make room for Amazon. When the online retailer backed out of New York in February, there was speculation over whether Altice would still find a new home, or stay put in the 53-story office tower in the Long Island City neighborhood of Queens.Altice and Savanna, the building’s owner, said in a statement Friday that the cable company has signed a lease for 103,133 square feet (9,581 square meters) at One Court Square, and has the option to expand into additional floors in the future.“Moving to Long Island City has exceeded our expectations, and we’re thrilled to solidify plans to remain in One Court Square for the long term,” Altice Chief Procurement Officer Yossi Benchetrit said in the statement. “The vibrancy of this neighborhood, along with access to the wider pool of talent in the metropolitan area, has been great for our business and our culture.”Amazon, based in Seattle, announced in November that it would build additional headquarters in Long Island City and northern Virginia. Part of the plan was to lease a million square feet at One Court Square. A few months later, the e-commerce giant withdrew from New York following fierce public criticism of tax breaks promised to the company, and concerns about the impact on housing costs and transportation.The move sent shock waves through the community, which had been counting on Amazon to bring as many as 40,000 high-paying jobs and dozens of other businesses to the city. Savanna was quick to start filling the hole left by the online retailer at One Court Square. Health-care provider Centene Corp., which last year acquired insurer Fidelis Care, recently agreed to lease as much as 500,000 square feet in the 1.5 million-square-foot tower, according to people with knowledge of the matter.One Court Square, also known as the Citigroup building, was built in 1989 to house employees of the bank. Savanna has detailed plans to invest in a number of upgrades to the property, including a modernized lobby and a redesigned retail annex that will feature a 17,000-square-foot food hall.Citigroup Inc. has been moving workers out and consolidating them into its Tribeca headquarters ahead of its 2020 lease expiration in Long Island City.To contact the reporter on this story: Lily Katz in New York at lkatz31@bloomberg.netTo contact the editors responsible for this story: Debarati Roy at droy5@bloomberg.net, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Altice Is Set to Confront AT&T and T-Mobile
    Market Realist2 months ago

    Altice Is Set to Confront AT&T and T-Mobile

    Inside Big Media’s Struggle to Cope with the Changing Times(Continued from Prior Part)Altice’s mobile service launching in summerAltice USA (ATUS) is on track to launch its long-anticipated mobile phone service in the coming months. The cable

  • Altice Responds to Fox with a $200 Million Purchase
    Market Realist2 months ago

    Altice Responds to Fox with a $200 Million Purchase

    Inside Big Media’s Struggle to Cope with the Changing Times(Continued from Prior Part)Fox sold assets to focus more on its news businessAltice USA (ATUS) is acquiring digital news network Cheddar for $200 million in a transaction that’s

  • The Yellow Vests Have French Telecoms Over a Barrel
    Bloomberg3 months ago

    The Yellow Vests Have French Telecoms Over a Barrel

    When Iliad entered the French market with its low-cost offering, it prompted the crippling price wars which are now weighing on all those firms’ profits. A reversal of that trend could help offset the pain of lost customers. It seems likely that those funds will be used to boost the company’s presence in Italy, where growth is faster than in France.

  • Reuters5 months ago

    Altice gears up for Portugal cable network sale: sources

    LONDON/PARIS (Reuters) - Debt-burdened telecom carrier Altice Europe is gearing up to sell a stake in its high-speed fiber network business in Portugal, sources familiar with the matter told Reuters, with an auction process expected to kick off within a fortnight. Altice, which took control of Portugal Telecom in 2015, is looking to replicate its recent sale of a 49.99 percent stake in French fiber optic business SFR FTTH to three investment funds for 1.8 billion euros. The group, whose founder is billionaire Patrick Drahi, has hired Lazard to sound out potential bidders including U.S. funds KKR and Morgan Stanley Infrastructure Partners, the three sources said.

  • Altice to acquire majority stake in OTT startup Molotov
    TechCrunch5 months ago

    Altice to acquire majority stake in OTT startup Molotov

    Telecom company Altice is about to close a significant investment in French startup Molotov — the two companies have entered into exclusive negotiations. While terms of the deal are undisclosed, Altice is investing a large sum of money and should end up with a majority stake in Molotov — it's more like a fundraising round than a traditional acquisition. "We're doing a 60/40 deal," Molotov co-founder and CEO Jean-David Blanc told me.

  • Bloomberg7 months ago

    Billionaire Drahi Tries to Cut the Fiber Knot

    On Friday, his Altice Europe NV agreed to sell just under half its French fiber broadband operation to a group of Canadian, French, and German infrastructure funds for 1.8 billion euros ($2.1 billion). The price looks good, and Altice gets to reduce its debt. It will also be able to fund the roll-out of ultra-fast internet connections to consumers at the dirt-cheap rates available to big infrastructure projects.

  • Billionaire Drahi Takes it Down to the Wire at Altice
    Bloomberg7 months ago

    Billionaire Drahi Takes it Down to the Wire at Altice

    Drahi’s Altice Europe NV reported earnings on Wednesday that fell short of analyst estimates as the parent of SFR spent more than expected on promotions to lure new subscribers. The earnings report came the same day as Stephane Richard, CEO of France's dominant carrier, Orange SA, told Les Echos he expected discussions about consolidation in the French telecommunications industry to restart in the first half. The quartet, which is rounded out by Bouygues SA and Iliad SA, is plagued by steep competition in France.

  • Altice (ATUS) Beats Q3 Earnings Estimates on Record Margins
    Zacks8 months ago

    Altice (ATUS) Beats Q3 Earnings Estimates on Record Margins

    Driven by improved performance all the business segments, Altice (ATUS) reports record third-quarter 2018 results.

  • Is Cable One Too Expensive?
    Motley Fool9 months ago

    Is Cable One Too Expensive?

    Cable One is leading the industry in margin, and still looks like a solid long-term play

  • Altice, Dish urge U.S. to intervene in T-Mobile-Sprint deal
    Reuters10 months ago

    Altice, Dish urge U.S. to intervene in T-Mobile-Sprint deal

    The $26 billion deal between the two U.S. wireless carriers, which would shrink the wireless market to three big players from four, faces a review from the Justice Department and the Federal Communications Commission (FCC). In the filing with the FCC, Altice said it opposed the merger and called for the regulator to put conditions on the deal, including requiring the combined T-Mobile to honor its partnerships with Altice and other companies that rely on its network, and even divest wireless spectrum that the companies can use.