|Bid||4.3850 x 150000|
|Ask||4.4150 x 150000|
|Day's Range||4.3720 - 4.4800|
|52 Week Range||1.4980 - 4.4800|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||3.13|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Altice Europe's shares jumped higher on Thursday, after the cable and telecoms group lifted its full-year financial targets. Altice Europe shares were up 17.8% in early session trading. The group's founder and majority-owner Patrick Drahi, on a quest to reassure investors about the company's capacity to repay a hefty 30.1 billion-euro (£27.4 billion) debt, hailed the performance as proof that his strategic shift from cost-cutting towards gaining clients and selling assets was working.
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
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
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.
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.
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.
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.
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.